By Allison Kotzbauer | Paradise Valley Independent
Paradise Valley is standing out in the Valley’s luxury housing market, with home prices continuing to climb while much of the Phoenix metropolitan area has leveled off.
Paradise Valley recorded a 13% year-over-year increase in average home prices, making it the only community in the state to post significant price growth, according to the Arizona Regional Multiple Listing Service.
The ARMLS is the database used by licensed real estate professionals to list and track homes for sale across Arizona.
The median 2025 sale price for closed listings for Paradise Valley homes was $3,550,000 and in 2026 the median rose to $3,995,900.
Scottsdale also saw an increase, with average home prices rising 8%, while most other Valley markets remained relatively flat compared to last year.
While some Valley communities saw slight changes in home values, several remained largely unchanged.
Fountain Hills, Gilbert, Mesa, Tempe and Peoria all recorded essentially no change in median home prices year over year, according to ARMLS data.
Buckeye and Maricopa each saw a 1% decline, while Chandler, Glendale, Goodyear, Surprise, Phoenix and Queen Creek posted increases of about 1%, according to ARMLS data.
