Live Market Data
The Paradise Valley New Construction Index
What is for sale right now in Paradise Valley (85253), and what actually sold last month, across the three categories we track: newly built homes, teardown lots, and vacant land.
What counts as a new construction home: a detached single-family home in Paradise Valley 85253 that was listed within 3 years of the year it was built. Homes listed before completion count too — a buyer waiting on a build is part of this market.
Asking prices are live and change as listings come and go — last updated September 30, 2026. Sold figures are recorded sale prices, not asking prices.
The Index · months of supply
48 new homes listed · 59 sold in the past 12 months
Lower means new homes are selling faster relative to what is listed. Around six months is the usual dividing line: below it sellers hold the advantage, above it buyers do. The 2023 spike is the rate shock, when inventory more than doubled while sales halved. Supply did not simply fall back after it — it rose again through 2024, peaking at 19.9 months that October, and only began clearing from mid-2025. It now sits below where it ran before 2023, though still above the 6.2-month low of July 2022.
Which price points sell fastest?
$6–8M is the fastest-moving band, clearing its listed homes in 2.6 months at the current rate of sale.
| Price band | Listed | Sold 12mo | Months of supply |
|---|---|---|---|
| under $4M | 2 | 1 | too few |
| $4–6M | 5 | 8 | 7.5 |
| $6–8M | 3 | 14 | 2.6 |
| $8–10M | 6 | 8 | 9 |
| $10–15M | 21 | 22 | 11.5 |
| $15M+ | 11 | 6 | 22 |
How much is spent on new construction each year?
$477M so far in 2026, across 47 new home sales, averaging about $10M per sale.
| Price band | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| under $4M | 2 · $6M | 2 · $6M | 6 · $21M | 1 · $4M |
| $4–6M | 9 · $43M | 4 · $21M | 8 · $41M | 6 · $30M |
| $6–8M | 8 · $57M | 5 · $37M | 8 · $56M | 9 · $61M |
| $8–10M | 6 · $53M | 8 · $73M | 8 · $70M | 7 · $61M |
| $10–15M | 11 · $125M | 3 · $36M | 3 · $36M | 18 · $213M |
| $15M+ | — | 1 · $32M | 4 · $66M | 6 · $108M |
What does new construction cost per square foot?
Shown by size because larger homes here carry a higher price per foot — the opposite of the usual pattern.
| House size | Sales | Median $/sq ft | Median price |
|---|---|---|---|
| under 4,000 sq ft | 16 | $1,053 | $3,525,000 |
| 4,000–6,000 | 25 | $1,096 | $5,645,000 |
| 6,000–8,000 | 59 | $1,115 | $8,100,000 |
| 8,000–10,000 | 34 | $1,306 | $11,368,618 |
| 10,000+ | 6 | $1,614 | $18,500,000 |
Spec & New Construction
listed for sale now
Homes listed within three years of being built, or not yet finished.
On the market today
- Median asking price
- $11,937,000
- Asking $/sq ft
- $1,517/sq ft
- Median days on market
- 119 days
- Asking price range
- $2,150,000 – $35,000,000
Sold — last 12 months
- Sales closed
- 55
- Sold $/sq ft
- $1,250/sq ft
Teardown Lots
listed for sale now
Older homes bought for the land — teardown-and-rebuild candidates.
On the market today
- Median asking price
- $2,899,995
- Asking $/sq ft
- $1,021/sq ft
- Median days on market
- 51 days
- Asking price range
- $2,150,000 – $3,500,000
Sold in August 2026
- Sales closed
- 4
- Sold $/sq ft
- $876/sq ft
Vacant Lots
listed for sale now
Build-ready land for a ground-up custom home.
On the market today
- Median asking price
- $2,550,000
- Asking $/acre
- $2,293,578/acre
- Median days on market
- 223 days
- Asking price range
- $1,200,000 – $5,995,000
Sold in August 2026
- Sales closed
- 1
- Sold $/acre
- $2,822,581/acre
What closed in August 2026
The individual sales behind the closed medians above, priced by actual recorded sale price. Every address links to its listing page, which stays online after closing.
Spec homes sold in the last 12 months(55)
- 5641 N Casa Blanca DriveClosed Feb 26 · $1,798/sq ft$20,900,000
- 6109 E Maverick RoadClosed Feb 27 · $1,690/sq ft$20,000,000
- 6025 E Cholla LaneClosed Apr 15 · $2,253/sq ft$19,250,000
- 5524 N Homestead LaneClosed Jan 7 · $1,897/sq ft$16,500,000
- 6724 N 62nd Street NClosed Mar 9 · $1,921/sq ft$16,000,000
- 6215 N 61st PlaceClosed Feb 19 · $1,933/sq ft$15,700,000
- 6836 E Hummingbird LaneClosed Dec 10 · $1,466/sq ft$14,800,000
- 5902 E Cactus Wren RoadClosed Mar 11 · $1,965/sq ft$14,575,000
- 6126 E Maverick RoadClosed Aug 13 · $1,646/sq ft$14,100,000
- 7501 N Eucalyptus DriveClosed Jan 23 · $1,725/sq ft$14,000,000
- 5029 E Desert Park LaneClosed May 15 · $1,540/sq ft$12,940,000
- 6135 N 51st PlaceClosed Mar 10 · $1,715/sq ft$12,300,000
- 5225 E Mockingbird LaneClosed Jul 1 · $1,250/sq ft$12,200,000
- 5002 E Valle Vista WayClosed Jun 30 · $1,323/sq ft$12,000,000
- 6911 E Jackrabbit RoadClosed Jan 23 · $1,706/sq ft$12,000,000
- 6615 E Cheney DriveClosed Jul 10 · $1,375/sq ft$12,000,000
- 8631 N Avenida Del SolClosed Jul 27 · $1,512/sq ft$11,750,000
- 5717 E Via Los RanchosClosed Aug 26 · $1,207/sq ft$11,200,000
- 5131 E Butler DriveClosed May 22 · $1,265/sq ft$11,000,000
- 5102 E Butler DriveClosed Mar 10 · $1,539/sq ft$10,900,000
- 5636 E Caballo DriveClosed May 11 · $1,289/sq ft$10,600,000
- 5120 N Casa Blanca DriveClosed Feb 6 · $1,362/sq ft$10,600,000
- 4510 E Maderos Del Cuenta DriveClosed Jul 15 · $1,817/sq ft$10,500,000
- 8230 N Mockingbird LaneClosed Oct 24 · $1,242/sq ft$10,500,000
- 5721 E Bar Z LaneClosed Feb 4 · $1,238/sq ft$10,500,000
- 3653 E Camino Sin NombreClosed Mar 20 · $1,250/sq ft$10,000,000
- 6209 N Casa Blanca DriveClosed Mar 6 · $1,398/sq ft$9,625,000
- 4534 E Pebble Ridge RoadClosed May 9 · $1,094/sq ft$9,100,000
- 6120 E Redwing RoadClosed Dec 29 · $1,101/sq ft$9,000,000
- 5314 E Orchid LaneClosed Mar 25 · $1,254/sq ft$8,900,000
- 4901 E Berneil DriveClosed Aug 10 · $1,205/sq ft$8,600,000
- 5305 N 68th PlaceClosed Mar 6 · $1,305/sq ft$8,350,000
- 6512 E Hummingbird LaneClosed May 13 · $1,166/sq ft$8,150,000
- 7101 N 47th StreetClosed May 28 · $1,146/sq ft$8,100,000
- 5800 N Monte Vista DriveClosed Jan 5 · $1,015/sq ft$7,900,000
- 8436 N Golf DriveClosed May 27 · $940/sq ft$7,550,000
- 4723 E Desert Park PlaceClosed Dec 9 · $952/sq ft$7,000,000
- 4540 E Moonlight WayClosed Jun 24 · $1,396/sq ft$7,000,000
- 5287 N Invergordon RoadClosed May 1 · $1,033/sq ft$6,906,587
- 6324 E Cochise RoadClosed Jan 31 · $869/sq ft$6,700,000
- 6426 E Turquoise AvenueClosed Nov 10 · $1,012/sq ft$6,600,000
- 7215 N Black Rock TrailClosed Dec 16 · $1,163/sq ft$6,475,000
- 7044 E Cheney DriveClosed May 26 · $967/sq ft$6,350,000
- 10220 N 66th StreetClosed Feb 6 · $928/sq ft$6,350,000
- 7141 E Ironwood DriveClosed Feb 27 · $1,248/sq ft$6,250,000
- 6913 N Joshua Tree CourtClosed Mar 31 · $1,180/sq ft$6,200,000
- 9801 N 53rd PlaceClosed Mar 20 · $1,018/sq ft$5,890,000
- 6340 E Sage DriveClosed Jan 30 · $1,238/sq ft$5,645,000
- 6850 E Joshua Tree LaneClosed Mar 24 · $835/sq ft$5,000,000
- 6921 N Joshua Tree CourtClosed Dec 8 · $974/sq ft$4,800,000
- 5525 E Lincoln Drive 124Closed Mar 16 · $1,179/sq ft$4,795,000
- 5249 N 37th PlaceClosed Jan 30 · $1,065/sq ft$4,785,000
- 6932 N Cactus Wren CourtClosed Nov 24 · $1,309/sq ft$4,631,250
- 6962 E Cactus Wren RoadClosed May 6 · $1,125/sq ft$4,100,000
- 7017 E Orange Blossom LaneClosed Feb 27 · $1,021/sq ft$3,500,000
Teardown lots(4)View all with photos →
Looking for the whole Paradise Valley market?
This Index tracks three segments — new and newer homes, teardown lots, and vacant land. It is not every sale in 85253. The Paradise Valley Market Report covers the entire market, resales of every age included, with median sale price, price per square foot, volume and days on market.
View the Paradise Valley Market ReportThis Index measures new construction by the age of the home: detached single-family listings in 85253 put on the market within three years of being built. That is stricter than the “built 2015 or later” rule used for browsing listings elsewhere on this site. Figures reflect MLS listings surfaced on this site at the time shown and are for general informational purposes only — not an appraisal or investment advice.