85253 Market Report
Paradise Valley Market Report — February 2026
February 2026 · published March 1, 2026
Summary: February carried the highest median of early 2026. The median single-family sale reached $5.65M (up about 30% year over year) on 33 closings, and homes moved faster than in any other month of early 2026 — a median of 66 days on market. Mortgage rates eased to about 6.05%, the year's low so far, which likely helped demand at the top of the market.
The numbers — single-family homes
| Metric | February 2026 | Year over year |
|---|---|---|
| Median sale price | $5,650,000 | +30% |
| Median price / sq ft | $928 | +7% |
| Homes sold | 33 | +6% |
| Median days on market | 66 | — |
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, 33 against Redfin's 28), 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.
Mortgage rates
The 30-year fixed-rate mortgage averaged 6.05% in February 2026 (Freddie Mac weekly survey) — the lowest monthly average of the year to date.
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.
Track it live
The live Paradise Valley market report always shows the latest month's numbers.
Frequently asked questions
- What was the median home price in Paradise Valley in February 2026?
- The median single-family sale price in Paradise Valley (85253) in February 2026 was $5,650,000 — up about 30% year over year — across 33 closed sales, computed from ARMLS closed-sale records.
- What were mortgage rates in February 2026?
- The 30-year fixed-rate mortgage averaged about 6.05% in February 2026 — the low point of early 2026 — per Freddie Mac's weekly survey.