Paradise Valley Market Report — April 2026

Summary: April cooled after the March surge. The median single-family sale fell to $3.83M — down about 8% year over year — and volume dropped to 27 closings (down about 29% YoY). Much of that swing reflects the mix of what sold rather than a broad price decline: in a market this small, a few lower-priced closings move the median a lot. The 30-year fixed mortgage climbed to about 6.33%, adding to buyer caution.

The numbers — single-family homes

Restated September 2026: this edition originally carried figures from Redfin Data Center. Redfin stopped republishing its market files on June 2, 2026, so the report now computes directly from ARMLS closed-sale records — the source Redfin itself derives from. ARMLS captures more sales (for this month, 27 against Redfin's 21), so the medians here differ from what was first published. The active-inventory row was removed: it was a Redfin point-in-time figure and cannot be reconstructed retroactively from closed-sale data.

Note that median price per square foot was still up ~8% year over year, a reminder that the lower headline median reflects the smaller/lower-priced homes that closed this month rather than falling values.

Mortgage rates

The 30-year fixed-rate mortgage averaged 6.33% in April 2026 (Freddie Mac weekly survey), continuing the climb off the February low.

How to read this

Paradise Valley is a small, high-value market, so a handful of sales can swing the monthly median sharply — year-over-year and multi-month trends are more reliable than any single month. Whole-market single-family figures are computed from ARMLS closed-sale records for 85253; rates are Freddie Mac's weekly 30-year survey, averaged for the month. For general information only — not an appraisal or investment advice.

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The live Paradise Valley market report always shows the latest month's numbers.