Arizona · as of September 2026
What counts as luxury real estate in Arizona
The convention this site uses
In Arizona, this site treats homes at $1M and above as luxury. That is our own fixed band, set so the covered markets are the ones where the top of the market actually trades at that level. It is not a loan limit and it is not a median; the medians below are the middle of each market, and luxury inventory trades well above them. The rule and its reasoning are on the methodology page.
Arizona's luxury markets by home value
Zillow Home Value Index, typical middle-tier home, latest month.
| Market | Median value | Ranked agents |
|---|---|---|
| Paradise Valley | $3,523,000 | 10 |
| Carefree | $1,272,000 | 10 |
| Cave Creek | $1,044,000 | 10 |
| Scottsdale | $725,000 | 11 |
| Flagstaff | $545,000 | 10 |
| Gilbert | $510,000 | 12 |
| Chandler | $485,000 | 10 |
| Peoria | $430,000 | 10 |
| Phoenix | $425,000 | 10 |
| Tucson | $315,000 | 10 |
What changes at this price in Arizona
Each fact links to the statute or agency that says so. Facts we could not verify against an official source are left out rather than guessed.
- Transfer and mansion taxes
- Arizona has no real estate transfer tax. Article IX, Section 24 of the Arizona Constitution, adopted by voters in 2008, prohibits the state and its counties and cities from imposing any tax on the sale or transfer of real property. Source
- Agency and dual agency
- Arizona permits a licensee or brokerage to represent both buyer and seller only with the written consent of both parties, and the Arizona REALTORS Consent to Limited Representation form is the standard vehicle for that consent. Source
- Seller disclosure
- Arizona has no statutory seller disclosure form, but sellers must disclose known material defects, and the Arizona REALTORS Seller's Property Disclosure Statement is used in nearly every residential sale. Source
- State estate or inheritance tax
- Arizona levies no state estate tax and no inheritance tax, so only the federal estate tax applies to a large estate. Source