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Paradise Valley, AZ Housing Market

$570,395

1.8% 1-yr

The average Paradise Valley, AZ home value is $570,395, up 1.8% over the past year, and homes go to pending in around 41 days. (Updated on )

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Paradise Valley Key Takeaways

Typical Home Values: $570,395

1-Year Value Change: +1.8%

(Data through August 31, 2026)

Paradise Valley Housing Market Overview

1-Year Market Forecast: --
For Sale Inventory: 814 ()
New Listings: 202 ()
Median Sale to List Ratio: 0.982 ()
Median Sale Price: $616,667 ()
Median List Price: $637,000 ()
Percent of Sales Over List Price: 13.2% ()
Percent of Sales Under List Price: 67.0% ()
Median Days to Pending: 41 ()
(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

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Paradise Valley Rental Market Trends

Average Rent: --
National Average Rent: $1,948 ()
Month-Over-Month Change: --
Year-Over-Year Change: --
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.

Frequently Asked Questions

  • What are the most expensive neighborhoods in Phoenix, AZ?

    The neighborhoods with the highest median home values in Phoenix, AZ include: Desert View ($733,938), North Gateway ($622,759), Paradise Valley ($576,751), Camelback East ($568,641), Ahwatukee Foothills ($542,442).

  • What are the most affordable neighborhoods in Phoenix, AZ?

    The neighborhoods with the lowest median home values in Phoenix, AZ include: Maryvale ($329,686), Central City ($338,124), Alhambra ($346,463), South Mountain ($357,579), Estrella ($366,334).

  • Which Phoenix, AZ neighborhoods have the fastest growing home values?

    Neighborhoods with the highest year-over-year value growth in Phoenix, AZ include: Paradise Valley (0.7%), Camelback East (0.6%), Desert View (0.5%).

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