85253 Market Report
Paradise Valley Market Report — March 2026
March 2026 · published April 1, 2026
Summary: Spring brought a surge in activity. 52 single-family homes closed in March — up about 16% year over year and the busiest month in our records for Paradise Valley — with the median settling at $5.05M (+14% YoY). Homes took a median 93 days to sell. The 30-year fixed mortgage ticked up to about 6.18% as rates began climbing off their February low.
The numbers — single-family homes
| Metric | March 2026 | Year over year |
|---|---|---|
| Median sale price | $5,050,000 | +14% |
| Median price / sq ft | $953 | +8% |
| Homes sold | 52 | +16% |
| Median days on market | 93 | — |
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, 52 against Redfin's 47), 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 6.18% in March 2026 (Freddie Mac weekly survey), rising from about 6.00% early in the month to roughly 6.38% by month-end.
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 March 2026?
- The median single-family sale price in Paradise Valley (85253) in March 2026 was $5,050,000 — about 14% higher than a year earlier — across 52 closed sales, computed from ARMLS closed-sale records.
- What were mortgage rates in March 2026?
- The 30-year fixed-rate mortgage averaged about 6.18% in March 2026, climbing through the month, per Freddie Mac's weekly survey.