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Peoria, AZ 85381

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Peoria, AZ 85381

Fri Jul 01 2022
This week the median list price for Peoria, AZ 85381 is $500,000 with the market action index hovering around 83. This is less than last month's market action index of 88. Inventory has increased to 29. Click here to stay informed with the Peoria market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Peoria, AZ 85381

Fri Jul 01 2022
This week the median list price for Peoria, AZ 85381 is $500,000 with the market action index hovering around 83. This is less than last month's market action index of 88. Inventory has increased to 29. Click here to stay informed with the Peoria market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Peoria market.
Median List Price $500,000
Median Price of New Listings $525,000
Per Square Foot $275
Average Days on Market 21
Median Days on Market 14
Price Decreased 55%
Price Increased 3%
Relisted 7%
Inventory 29
Median Rent
Market Action 83
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$700,000 3,066 0.25 - 0.5 acre 4 3 34 3 1 28
$570,000 2,259 8,000 - 10,000 sqft 4 2.5 28 3 3 28
$485,000 1,672 8,000 - 10,000 sqft 3 2 35 2 1 7
$446,500 1,467 4,500 - 6,500 sqft 3 2 28 2 0 10