Is Paradise Valley Village, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Paradise Valley Village has remained a Seller's Market.
Housing Prices in Paradise Valley Village, AZ
How much do homes in Paradise Valley Village, AZ cost?
Median Sold Price
$644,997
$343/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Paradise Valley Village was $644,997 in April 2024, up 4.6% from last year, and the median price per square foot was $343.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $310K | $301K | -2.9% |
2 Bedrooms | $367K | $375K | +2.2% |
3 Bedrooms | $550.1K | $599.9K | +9.1% |
4 Bedrooms | $793K | $805.5K | +1.6% |
5+ Bedrooms | $1.1M | $1.2M | +10.4% |
Summary: Paradise Valley Village housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 10.4%.
Median Sold Price Compared To Nearby Neighborhoods
Paradise Valley Village | $616.8K | $644.9K | +4.6% |
Anasazi Village | $325K | $315K | -3.1% |
Housing Supply in Paradise Valley Village, AZ
How many homes are available in Paradise Valley Village, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
743 | 743 | 0.0% |
Summary: The Paradise Valley Village real estate market had 743 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 40 | 39 | -2.5% |
2 Bedrooms | 111 | 115 | +3.6% |
3 Bedrooms | 259 | 262 | +1.2% |
4 Bedrooms | 250 | 238 | -4.8% |
5+ Bedrooms | 83 | 89 | +7.2% |
Summary: The Paradise Valley Village housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 2.5%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 7.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
198 | 196 | -1.0% |
Asking Price vs. Sold Price
111 Homes Were Sold
Under Asking
44 Homes Were Sold
At Asking
41 Homes Were Sold
Over Asking
Summary: A total of 196 homes were sold or pending in Paradise Valley Village in April 2024, down by 1.0% month-over-month. Of the 196 sold homes, 57% were sold under asking, 22% were sold at asking, and 21% were sold over asking.
Days on Market for Paradise Valley Village, AZ
How long does it take to sell a home in Paradise Valley Village, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
60 Days | 53 Days | -11.2% |
Summary: Homes in Paradise Valley Village had an average of 53 days on market in Apr 2024, down by 11.2% compared to last year.
Breakdown of Home Sale Times
76 Homes Were Sold
Under 30 Days
84 Homes Were Sold
In 30 - 90 Days
36 Homes Were Sold
Over 90 Days
Summary: During April 2024, 196 homes were sold in Paradise Valley Village; 39% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.