Home/Paradise Valley homes for sale/Paradise Valley new construction
Paradise Valley, Arizona · Built 2024 or later
Paradise Valley new construction homes for sale
New and nearly new homes in Paradise Valley.
The short answer
As of October 31, 2026, there are 52 homes listed for sale in new construction in Paradise Valley, with a median list price of $11,225,000. Over the past 12 months, 50 homes sold at a median price of $9,875,000, or $1,277 per square foot, after a median of 94 days on market. Homes closed at a median of 96.41% of their final list price. With about 12.5 months of supply, the market is leaning toward buyers.
Source: ARMLS via Flexmls, calculated by Arizona Luxury Partners, as defined in the FAQ below. Part of our Paradise Valley homes for sale guide.
The market, by the numbers
Closed residential sales, October 31, 2025 to October 31, 2026.
Months of supply is today's 52 listings divided by the 12 month average of about 4 sales per month. 46 of the 50 sales closed at $5 million or more. Seller concessions are seller paid buyer costs, such as closing costs or a rate buydown, as reported on the closed MLS record. Listing success rate is the share of listings that left the market over the past 12 months that closed rather than being cancelled or expiring: 50 closed and 72 cancelled or expired. A listing that was cancelled and relisted counts as cancelled.
Paradise Valley new construction median sale price, 10 years
Yearly median sale price of closed residential sales, 2016 to 2026.
The median sale price for Paradise Valley homes sold new, meaning a year built of the sale year or the year before, went from $2,675,000 in 2016 to $7,700,000 in 2025, up 188%. The highest yearly median was $8,300,000 in 2024. So far this year, through October 30, 2026, the median is $10,600,000. A median is the middle sale of the year, so it moves with both prices and the mix of homes that sold. Ask us how values have changed for homes like yours.
See the yearly numbers
| Year | Median sale price | Homes sold |
|---|---|---|
| 2026 (through October 30, 2026) | $10,600,000 | 35 |
| 2025 | $7,700,000 | 37 |
| 2024 | $8,300,000 | 29 |
| 2023 | $7,450,000 | 32 |
| 2022 | $5,850,000 | 32 |
| 2021 | $3,840,000 | 55 |
| 2020 | $2,826,000 | 72 |
| 2019 | $3,032,492 | 69 |
| 2018 | $2,617,500 | 68 |
| 2017 | $2,348,800 | 61 |
| 2016 | $2,675,000 | 30 |
Source: ARMLS via Flexmls. Closed residential sales by calendar year in the MLS city of Paradise Valley where the year built is the sale year or the year before, calculated by Arizona Luxury Partners.
Search new construction in Paradise Valley for sale
Updated continuously from the MLS. Filter, save, and tour any home.
What the numbers mean right now
Our read on the market, for buyers and for sellers.
Over the past 12 months, 50 homes sold, and 92% of them closed at $5 million or more. Today 52 are listed for sale, and 16 of those have already had a price change. The typical sale closed about 7% below its original list price.
If you are buying
- Confirm the certificate of occupancy, final inspection, and the builder's warranty for any new home.
- Compare a finished spec home against recent new construction sales of a similar size and lot, not against older homes nearby.
- If the home is still under construction, ask for the build schedule, the plans, and what is included in the price.
If you are selling
- Price against new construction sales, which run well above resales of older homes in town.
- Have the permits, inspection records, warranty, and specifications ready for buyers.
- We can show you the exact sales we would use to price your home.
About new construction in Paradise Valley
How new homes get built in town.
This page follows newly built homes in the MLS city of Paradise Valley: homes with a year built of 2024 or later on the MLS record, whether a finished spec home, a custom build, or a teardown and rebuild on an older estate lot.
The Paradise Valley Independent reports that the town's general plan sets a minimum lot size of one acre per house, and that this R-43 low density residential zoning covers about 65.6% of the town's land use allocation.
Most new homes in Paradise Valley are built one lot at a time rather than by a production builder, and many replace an older house on the same acre. Building in town requires Town of Paradise Valley review and permits, and hillside lots carry their own rules, so check what was approved and inspected for any new home you consider.
- Location
- Paradise Valley, Arizona, ZIP code 85253
- Minimum lot size
- One acre per house under R-43 zoning (Paradise Valley Independent)
- Median home size sold
- 7,237 square feet over the past 12 months
- Sale prices, past 12 months
- $3,500,000 to $20,900,000
- List prices today
- $2,150,000 to $30,000,000
- Listings with a price change
- 16 of 52 active listings
Related pages
Explore more of Paradise Valley and nearby.
Questions, answered
How much do homes cost in new construction in Paradise Valley?
The median sale price was $9,875,000 for the 50 homes in new construction in Paradise Valley that sold from October 31, 2025 to October 31, 2026, or $1,277 per square foot, with sale prices from $3,500,000 to $20,900,000. Homes listed for sale on October 31, 2026 had a median list price of $11,225,000.
How many homes are for sale in new construction in Paradise Valley right now?
As of October 31, 2026, 52 homes were listed for sale in new construction in Paradise Valley in the MLS, and 47 of them were priced at $5 million or more. The search on this page updates continuously, so it always shows the current count.
How fast do homes sell in new construction in Paradise Valley?
Homes that sold over the past 12 months spent a median of 94 days on the market and closed at a median of 96.41% of their final list price, or 93.36% of their original list price.
Is new construction in Paradise Valley a buyer's market or a seller's market?
With 52 listings today and about 4 sales a month over the past year, new construction in Paradise Valley has about 12.5 months of supply, which is leaning toward buyers. Price points and home types move at different speeds, so ask us for the numbers on the homes you are considering.
How common are seller concessions in new construction in Paradise Valley?
1 of the 50 closed sales, or 2%, reported a seller concession on the MLS record, such as seller paid closing costs or a rate buydown. That is too few sales to report a meaningful median concession.
How many listings actually sell in new construction in Paradise Valley?
Of the 122 listings that left the market over the past 12 months, 50 closed and 72 were cancelled or expired, a listing success rate of 41%. A listing that was cancelled and then relisted counts as cancelled.
Who builds new homes in Paradise Valley?
Most new homes in Paradise Valley are custom or spec homes built one lot at a time, often replacing an older house on an existing acre lot, rather than tract homes from a production builder. Year built on the MLS is entered by the listing agent, so confirm the build date, permits, and final inspection for any home you consider.
How have prices for new construction in Paradise Valley changed over the past 10 years?
The median sale price for Paradise Valley homes sold new, meaning a year built of the sale year or the year before, was $2,675,000 in 2016 and $7,700,000 in 2025, up 188%. The highest yearly median in that span was $8,300,000 in 2024. So far this year, through October 30, 2026, the median is $10,600,000.
How does this page define new construction in Paradise Valley?
Our search and statistics include residential listings in the MLS city of Paradise Valley with a year built of 2024 or later, as entered on the MLS record. Paradise Valley here is the city on the MLS record, which follows the mailing address and can include homes outside the town limits. Figures were calculated by Arizona Luxury Partners from ARMLS data on October 31, 2026.
Thinking about Paradise Valley new construction?
Your vision, your home, our expertise.
Tell us what you are looking for and we will send newly listed Paradise Valley new construction homes that fit, along with the sales data behind each one. Our office is on Pima Road in north Scottsdale. White-glove service at every price point.
Your advisors
602.814.7266
kyle@azluxurypartners.com
License BR665419000
Meet Kyle
480.510.7689
art@azluxurypartners.com
License BR014102000
Meet Art
Arizona Luxury Partners | Real Estate Group at RE/MAX Fine Properties
Sources
- ARMLS via Flexmls. Residential closed sales October 31, 2025 to October 31, 2026, and active listings on October 31, 2026, for new construction in Paradise Valley as defined in the FAQ. Medians, months of supply, and the listing success rate calculated by Arizona Luxury Partners.
- ARMLS via Flexmls. Residential closed sales for each calendar year from 2016 through October 30, 2026 for the same definition, used for the price chart.
- One acre minimum lot size and R-43 zoning share: Paradise Valley Independent, Zoning regulations of density in Paradise Valley explained, accessed October 31, 2026.
- Town incorporation and mountains: Wikipedia, Paradise Valley, Arizona, accessed October 31, 2026.
All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information is provided by the Arizona Regional Multiple Listing Service and may not reflect all real estate activity in the market. ZIP code areas do not follow city limits or school boundaries, so confirm the city, HOA, and assigned schools for a specific address. This page is for general information only and is not financial, lending, legal, or tax advice. Arizona Luxury Partners | Real Estate Group at RE/MAX Fine Properties, 21020 N. Pima Road, Scottsdale, AZ 85255. Office 480.766.1515. Brokerage License LC629808000. Equal Housing Opportunity.
