85253 Market Report
Paradise Valley Market Report — May 2026
May 2026 · published June 1, 2026
Summary: Volume rebounded in May. 40 single-family homes closed — up about 48% year over year, the busiest month since March — but the median was close to flat at $4.16M (+3% YoY). Homes that sold had been listed a median 105 days. The 30-year fixed mortgage rose to about 6.44%, the year's highest monthly average so far.
The numbers — single-family homes
| Metric | May 2026 | Year over year |
|---|---|---|
| Median sale price | $4,157,500 | +3% |
| Median price / sq ft | $863 | +5% |
| Homes sold | 40 | +48% |
| Median days on market | 105 | — |
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, 40 against Redfin's 33), 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 6.44% in May 2026 (Freddie Mac weekly survey) — the highest monthly average of 2026 to that point.
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 May 2026?
- The median single-family sale price in Paradise Valley (85253) in May 2026 was $4,157,500 — roughly flat year over year (+3%) — across 40 closed sales, computed from ARMLS closed-sale records.
- What were mortgage rates in May 2026?
- The 30-year fixed-rate mortgage averaged about 6.44% in May 2026, the highest monthly average of the year to date, per Freddie Mac's weekly survey.