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Featured local agent — Paradise, NV
Sarah Mitchell
Compass Real Estate · Paradise, NV
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Paradise, NV Housing Market
The last median sale price Redfin published was $404,500, +3.7% year over year (through May 2026). With 5.3 months of supply and homes going under contract in about 56 days, Paradise is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $404,500 home is about $2,159/mo in principal and interest.
Key numbers for Paradise, NV
Median sale price
$404,500
+3.7% year over year
Redfin, through May 2026
Days on market
56
Average pace
Redfin, through May 2026
Active listings
960
5.3 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$58,874
Home costs 6.9x income
U.S. Census ACS, 2023
Sale-to-list ratio
98.0%
Selling below asking
Redfin, through May 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Paradise a buyer's or seller's market?
Paradise, NV is a buyer's market, based on 5.3 months of supply and homes selling in about 56 days. Above 5 months of supply, homes start accumulating faster than they clear, which is where buyers gain leverage on price, repairs, and closing costs.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Paradise housing market data show?
Every row below is Redfin's final published month for Paradise, NV. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $404,500 |
| Median list price | $399,900 |
| Year-over-year price change | +3.7% |
| Median price per sq ft | $241/sq ft |
| Median days on market | 56 days |
| Active inventory | 960 listings |
| Months of supply | 5.3 months |
| Sale-to-list price ratio | 98.0% |
| Homes sold (that month) | 180 |
| New listings (that month) | 278 |
| Listings with a price cut | 25.6% |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Paradise is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Paradise is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Paradise home prices moved?
Over the last three years the median sale price in Paradise, NV rose 21.1%, from $334,000 to $404,500. 25.6% of Paradise listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 5.3 months while the sale-to-list ratio slips below its current 98.0%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Paradise?
Priced off the median sale price of $404,500 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $80,900 | $323,600 | $2,159/mo |
| 5% | $20,225 | $384,275 | $2,564/mo |
Redfin, through May 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,159, that implies roughly $92,548 a year before you add taxes and insurance. The median household in Paradise earns $58,874, about $33,674 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the median sale price to fit the 28% rule. That puts the price-to-income ratio at 6.9x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Paradise in the next 12 months?
Tell us your timeline. We send the Paradise market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Paradise?
Zillow does not publish a rent index (ZORI) for Paradise, NV, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Paradise?
Active listings in Paradise, NV went from 973 in May 2025 to 960 in May 2026, a -1.3% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 996 | 250 |
| July 2025 | 1,051 | 276 |
| August 2025 | 1,083 | 271 |
| September 2025 | 1,086 | 257 |
| October 2025 | 1,121 | 276 |
| November 2025 | 1,091 | 197 |
| December 2025 | 979 | 165 |
| January 2026 | 979 | 246 |
| February 2026 | 1,026 | 286 |
| March 2026 | 999 | 278 |
| April 2026 | 991 | 257 |
| May 2026 | 960 | 278 |
Redfin, through May 2026
How does Paradise compare to Nevada and the U.S.?
Paradise homes sell for $404,500 — 16% below the Nevada median of $481,200. Against the national median of $410,700, Paradise runs 2% lower. Year-over-year, Paradise moved +3.7% against Nevada's +3.1% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Paradise, NV | $404,500 | +3.7% | 56 days |
| Nevada statewide | $481,200 | +3.1% | 52 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Paradise
What buyers should watch
- Months of supply, currently 5.3. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 25.6%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $405 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $404,500 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Paradise listing goes under contract in 56 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 98.0% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Paradise added 278 new listings against 180 sales — more competition arriving than clearing, so early timing matters.
- Comparable ZIP-level pricing inside Paradise varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Paradise
There are currently 960 homes listed for sale in Paradise, Nevada. The median listing price is $400K.
Active listings
960
Homes on market
Median list price
$400K
Avg. days on market
56
Days until sale
New this week
278
Newly listed
How much do homes cost in Paradise by property type?
How the Paradise, NV market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $455,000 | $258/sq ft | 101 | 52 days |
| Condo / co-op | $235,000 | $241/sq ft | 51 | 83 days |
| Townhouse | $297,500 | $189/sq ft | 24 | 49 days |
Who lives in Paradise?
American Community Survey estimates for Paradise. U.S. Census ACS, 2023
Population
186,178
Households
76,326
Median income
$58,874/yr
Median age
39 years
Owner-occupied
41.2%
Median home value
$358,400
Median gross rent
$1,287/mo
Mean commute
23.1 min
41.2% of occupied homes in Paradise are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Paradise, NV?
Ordered by distance from Paradise, not by size. Compare Paradise side by side with any of them.
Paradise housing market FAQ
Is Paradise a buyer's or seller's market?
Paradise, NV is currently a buyer's market. That read comes from 5.3 months of supply, homes going under contract in about 56 days, and sellers getting 98.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Paradise?
The median sale price in the last month Redfin published was $404,500, about $241 per square foot.
Is Paradise cheaper than the rest of Nevada?
Paradise's median sale price of $404,500 is 16% lower than the Nevada statewide median of $481,200, and 2% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Paradise?
Homes in Paradise, NV spent a median of 56 days on market before going under contract, versus 52 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Paradise?
At the current 30-year fixed rate of 7.03%, 20% down on a $404,500 home is about $2,159 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $92,548 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $58,874.
Are home prices rising in Paradise?
Redfin's last published year-over-year change for Paradise, NV was +3.7%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Paradise?
Paradise ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Paradise?
That depends on your timeline, not on a headline. What the data says today: Paradise, NV is a buyer's market with 5.3 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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