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 March 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
$643,919
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Paradise Valley Village was $643,919 in March 2024, up 4.5% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $310K | $304.5K | -1.8% |
2 Bedrooms | $375K | $375K | 0.0% |
3 Bedrooms | $554.9K | $590.5K | +6.4% |
4 Bedrooms | $795K | $800.1K | +0.6% |
5+ Bedrooms | $1.1M | $1.2M | +2.8% |
Summary: Paradise Valley Village housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes did not change, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Neighborhoods
Paradise Valley Village | $616.4K | $643.9K | +4.5% |
Anasazi Village | $320K | $317.5K | -0.8% |
Housing Supply in Paradise Valley Village, AZ
How many homes are available in Paradise Valley Village, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
703 | 728 | +3.6% |
Summary: The Paradise Valley Village real estate market had 728 homes for sale in March 2024, a 3.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 33 | 42 | +27.3% |
2 Bedrooms | 103 | 107 | +3.9% |
3 Bedrooms | 267 | 255 | -4.5% |
4 Bedrooms | 219 | 240 | +9.6% |
5+ Bedrooms | 81 | 84 | +3.7% |
Summary: The Paradise Valley Village housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.3%, 2 bedroom homes increased by 3.9%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 3.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
162 | 200 | +23.5% |
Asking Price vs. Sold Price
118 Homes Were Sold
Under Asking
48 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 200 homes were sold or pending in Paradise Valley Village in March 2024, up by 23.5% month-over-month. Of the 200 sold homes, 59% were sold under asking, 24% were sold at asking, and 17% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
63 Days | 48 Days | -23.3% |
Summary: Homes in Paradise Valley Village had an average of 48 days on market in Mar 2024, down by 23.3% compared to last year.
Breakdown of Home Sale Times
90 Homes Were Sold
Under 30 Days
74 Homes Were Sold
In 30 - 90 Days
36 Homes Were Sold
Over 90 Days
Summary: During March 2024, 200 homes were sold in Paradise Valley Village; 45% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.