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Paradise Valley Market Report

$6,839,930

AVERAGE PRICE OF 223 HOMES

$8,200,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$7,288,227

AVERAGE PRICE OF 208 MULTI-MILLION DOLLAR HOMES

$9,768,828

AVERAGE PRICE OF 70 NEWLY BUILT HOMES

$7,902,276

AVERAGE PRICE OF 182 HOMES WITH A POOL

$3,352,618

AVERAGE PRICE OF 11 REDUCED PRICE HOMES

Average Home

Average Price $6,839,930
Avg Bedrooms 4.61 beds
Avg Bathrooms 5.34 baths

Average Price by Bedrooms

1 bedroom $289,999
2 bedrooms $1,219,331
3 bedrooms $3,521,355
4 bedrooms $5,161,593
5 bedrooms $7,849,133
Paradise Valley Home Price Trends
  5/2023 4/2023 3/2023 2/2023 1/2023
Total Listings 246 255 262 235 202
Average Price $6,586,643 $6,182,970 $6,082,315 $5,961,564 $6,055,151
Avg Price Change +6.53% +1.65% +2.03% -1.57% +2.35%
Median Price $5,074,950 $4,971,667 $4,805,785 $4,708,833 $4,955,684
Med Price Change +2.08% +3.45% +2.06% -5.24% +1.69%
Avg Bedrooms 4.62 beds 4.56 beds 4.51 beds 4.51 beds 4.61 beds
Avg Bathrooms 5.32 baths 5.24 baths 5.18 baths 5.19 baths 5.29 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Arcadia High School 13 $5,792,308 214 days
Camelback High School 23 $12,283,910 140 days
Chaparral High School 62 $5,756,154 97 days
Saguaro Elementary School 27 $6,031,959 123 days
Saguaro High School 90 $6,736,024 140 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 223 $6,839,930 128 days
Distressed Homes 1 $8,200,000 58 days
Multi-Million Dollar Homes 208 $7,288,227 133 days
Newly Built Homes 70 $9,768,828 212 days
Homes with a Pool 182 $7,902,276 134 days
Reduced Price Homes 11 $3,352,618 94 days
r3homegroup - Brokered by Delex Realty
6170 W Chandler Blvd Suite 14
Chandler, AZ 85226
602-320-7547


Chris Lawler, Originating Branch Manager, CrossCountry Mortgage, LLC; NMLS 869968 | Branch NMLS2213428 | Company NMLS3029

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© 2023 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Jeff Cayton - R3 Home Group are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. June 5, 2023
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