Is Paradise Valley Oasis, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Paradise Valley Oasis has remained a Seller's Market.
Housing Prices in Paradise Valley Oasis, AZ
How much do homes in Paradise Valley Oasis, AZ cost?
Median Sold Price
$425,000
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Paradise Valley Oasis was $425,000 in March 2024, down 3.4% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $227.5K | $223.2K | -1.9% |
2 Bedrooms | $337K | $327.5K | -2.8% |
3 Bedrooms | $445K | $425K | -4.5% |
4 Bedrooms | $454.5K | $502.5K | +10.6% |
5+ Bedrooms | $628K | - | N/A |
Summary: Paradise Valley Oasis housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes did not change.
Housing Supply in Paradise Valley Oasis, AZ
How many homes are available in Paradise Valley Oasis, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 38 | -9.5% |
Summary: The Paradise Valley Oasis real estate market had 38 homes for sale in March 2024, a 9.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 27 | 22 | -18.5% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Paradise Valley Oasis housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 8 | -38.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Paradise Valley Oasis in March 2024, down by 38.5% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Paradise Valley Oasis, AZ
How long does it take to sell a home in Paradise Valley Oasis, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
56 Days | 36 Days | -36.3% |
Summary: Homes in Paradise Valley Oasis had an average of 36 days on market in Mar 2024, down by 36.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Paradise Valley Oasis; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.