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Featured local agent — Paradise Valley, AZ
Sarah Mitchell
Compass Real Estate · Paradise Valley, AZ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Paradise Valley, AZ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$4.70Mmedian sale price
How is the Paradise Valley, AZ housing market right now?
The median home sale price in Paradise Valley, AZ is $4.70M, up 20.5% year-over-year. Homes sell in an average of 121 days with 193 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Paradise Valley a buyer's or seller's market?
Paradise Valley, AZ is currently a buyer's market, based on 5.8 months of supply and homes selling in about 121 days. How we determine this →
Homes sold
33
Last 12 weeks
Days on market
121
Average pace
Active listings
193
5.8 months supply
Sale-to-list
93.7%
Below asking
What does the Paradise Valley housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $4.70M |
| Median list price | $6.08M |
| Year-over-year price change | +20.5% |
| Average days on market | 121 days |
| Active inventory | 193 listings |
| Months of supply | 5.8 months |
| Sale-to-list price ratio | 93.7% |
| Median price per sq ft | $886/sq ft |
| Homes sold (latest month) | 33 |
| New listings (latest month) | 22 |
| Listings with a price cut | 26.9% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Paradise Valley by property type?
How the Paradise Valley, AZ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $4.70M | $886/sq ft | 33 | 121 days |
| Condo / Co-op | $1.25M | $1,244/sq ft | 1 | 2 days |
| Townhouse | $2.00M | $760/sq ft | 1 | 223 days |
Source: Redfin · Updated monthly
The Paradise Valley housing market is currently classified as a buyer's market with a median sale price of $4.70M. Prices have risen 20.5% compared to last year, with homes spending an average of 121 days on market, indicating 5.8 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 15.2x provides context for how home values compare to local earning capacity.
Homes for sale in Paradise Valley
There are currently 193 homes listed for sale in Paradise Valley, Arizona. The median listing price is $6.1M.
Active listings
193
Homes on market
Median list price
$6.1M
Avg. days on market
121
Days until sale
New this week
22
Newly listed
Who lives in Paradise Valley?
Population
12,621
Median income
$236,250/yr
Median age
55.5 years
Owner-occupied
95.1%
College grads
72.9%
Avg commute
22 min
Source: U.S. Census Bureau ACS
What are homes worth in Paradise Valley?
Zillow home value
$3.58M
Zillow rent index
$2,905/mo
Price-to-rent ratio
102.7x
Price-to-income
15.2x
Source: Zillow Research
What is it like to live in Paradise Valley?
Paradise Valley is a community of approximately 13K residents with a median age of 55.5 years.The median household income is $236,250, which reflects a relatively affluent area with strong earning potential. 72.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 95.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 22 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Paradise Valley offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Paradise Valley?
3 schools tracked · 1,351 students
The largest public schools serving Paradise Valley, AZ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Cherokee Elementary School
Grades PK-5 · 673 students
Kiva Elementary School
Grades PK-6 · 562 students
Montessori Academy
Grades K-8 · 116 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Paradise Valley, AZ?
Want a head-to-head view? Compare Paradise Valley side-by-side with any other U.S. city using our market-comparison tool.
Is Paradise Valley a good real estate investment market?
For investors evaluating Paradise Valley, the price-to-rent ratio of 102.7x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 20.5% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Paradise Valley's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Paradise Valley's median home price.
Frequently asked questions
What is the average home price in Paradise Valley?
The median home sale price in Paradise Valley is $4.70M, up 20.5% from last year.
How long do homes stay on market in Paradise Valley?
Homes typically spend 121 days on market before going under contract.
What is the median income in Paradise Valley?
The median household income is $236,250 per year.
Is Paradise Valley a buyer's or seller's market?
With 5.8 months of supply, Paradise Valley is currently a buyer's market.
What is the Zillow home value estimate for Paradise Valley?
The Zillow Home Value Index (ZHVI) for Paradise Valley is $3.58M, representing the typical home value in the area.
What is the median condo price in Paradise Valley?
The median condo/co-op sale price in Paradise Valley, AZ is $1.25M, compared to $4.70M for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Paradise Valley?
The median single-family home price in Paradise Valley, AZ is $4.70M (about $886 per square foot).
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