Market Intelligence · AZ / Paradise Valley

Paradise Valley, AZ 85253 Housing Market

Homes in Paradise Valley, AZ 85253 have a typical value of $3,291,945, up 11.4% over the past year. The median list price stands at $4,974,750, with homes spending a median of 119 days on market.

Updated August 2026Median value$3276K

The median home value in Paradise Valley, AZ 85253 is $3.28M as of August 2026, up 11.8% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 85253 range

$3.01M to $3.54M

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+11.8% over 12 months

Typical home value in 85253 over the last 12 months: $2.93M in Aug 2025 to $3.28M in Aug 2026 (+11.8%).

Aug 2025$2.93M

Aug 2026$3.28M

The numbers

What is the 85253 housing market like?

Typical home value

$3.28M

Up11.8%YoY

Median list price

$4.97M

Down4.3%MoM

Days on market

119

Up7.2%MoM

Homes for sale

152

Down15.1%MoM

Price cuts

15.9%

Up25.1%MoM

New listings

36

Up5.9%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 85253 home prices compare?

  • 85253$3,276,162
  • Paradise Valley$3,276,162
  • Arizona$388,803
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Paradise Valley: 1 ZIPs; Arizona: 300 ZIPs; United States: 26,265 ZIPs).

Context

Paradise Valley remains a high-value market with 152 homes currently for sale and 36 new listings as of August 2026. The median time on market of 119 days reflects a measured pace typical of luxury segments. Currently, 15.9% of listings carry a price reduction, suggesting some sellers are adjusting to market realities. Despite strong annual appreciation, the extended selling timeline and prevalence of price cuts indicate that even in appreciating markets, pricing strategy matters significantly for sellers.

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