Is Paradise Valley, AZ a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Paradise Valley is a neutral's market


Difference Since August 2022

At the same time last year, Paradise Valley was a Seller's Market.

Key Takeaway

Paradise Valley is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices

How much do homes in Paradise Valley, AZ cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Paradise Valley have sold for 3.1% less than they did a year ago.

Summary: The median home sold price in Paradise Valley was $3,200,000 in August 2023, down 3.1% from last year, and the median price per square foot was $703.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $352K$285K
2 $1.6M$407.5K
3 $2.5M$2.3M
4 $3.2M$2.8M
5+ $4.0M$5.0M

Summary: Paradise Valley housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 19%, 2 bedroom homes decreased by 75.2%, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes increased by 23.3%.

Median Sold Price Compared To Nearby Cities

Paradise Valley

Housing Supply

How many homes are available in Paradise Valley, AZ?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Paradise Valley real estate market had 173 homes for sale in August 2023, a 6.1% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 22
2 68
3 1420
4 4246
5+ 9997

Summary: The Paradise Valley housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 2%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Paradise Valley, you may be able to get a good deal. 72% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Paradise Valley in August 2023, the same as the previous month. Of the 25 sold homes, 72% were sold under asking, 24% were sold at asking, and 4% were sold over asking.

Days on Market

How long does it take to sell a home in Paradise Valley, AZ?

Average Sale Time

Aug 2022Aug 2023CHANGE
89 Days83 Days-7.2%

Summary: Homes in Paradise Valley had an average of 83 days on market in Aug 2023, down by 7.2% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Paradise Valley are selling fast, if you're buying plan to act quickly.

Summary: During August 2023, 25 homes were sold in Paradise Valley; 44% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

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Nearby Markets

What housing markets are near Paradise Valley, AZ?