Paradise Valley Home Prices & Values

$265,000 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • -3.5% 1-year change
  • 2.4% 1-year forecast

Market Temperature: CoolWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this neighborhood relative to other neighborhoods in the same metropolitan area. A particular neighborhood may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Paradise Valley is $265,000. Paradise Valley home values have declined -3.5% over the past year and Zillow predicts they will rise 2.4% within the next year. The median list price per square foot in Paradise Valley is $157, which is higher than the Phoenix average of $127. The median price of homes currently listed in Paradise Valley is $289,000 while the median price of homes that sold is $257,100. The median rent price in Paradise Valley is $1,200, which is higher than the Phoenix median of $1,050.

Foreclosures will be a factor impacting home values in the next several years. In Paradise Valley 2.6 homes are foreclosed (per 10,000). This is lower than the Phoenix value of 4.8 and also lower than the national value of 4.4

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Relative ZHVI
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Paradise Valley Market Overview

Data through Jul 31, 2014
  • $265,000 ZHVI
  • 2.4% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $289,000 Median listing price
  • $257,100 Median sale price
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Paradise Valley Market Health

Data through Jul 31, 2014
  • 2.7/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • No data Homes with negative equity (18.8% US Avg)
  • No data Delinquent on mortgage (7.2% US Avg)

Homes foreclosed (per 10,000)

2.6 homes Paradise Valley
4.8 homes Phoenix
4.4 homes United States
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Nearby Neighborhoods

Name Median ZHVI Name Median ZHVI Name Median ZHVI
North Scottsdale $491,400 Desert View $359,300 South Scottsdale $257,000
Camelback East $235,000 NTNA - College $195,400 Deer Valley $185,900
Encanto $164,600 North Mountain $151,100 Alahambra $118,800

Listings & Sales

Data through Jul 31, 2014
  • $157 Median list price / sq ft
  • $149 Median sale price / sq ft
  • 50.8% Listings with price cut
13.8%
Sold below listing
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Paradise Valley Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,467 Paradise Valley
$1,128 Phoenix
$1,318 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,200 Rent list price
  • $0.96 Rent list price / sq ft
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