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Peoria, AZ

Single-Family Homes

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Peoria, AZ

Sun Jan 29 2023
This week the median list price for Peoria, AZ is $549,900 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has decreased to 413. 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.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Peoria, AZ

Sun Jan 29 2023
This week the median list price for Peoria, AZ is $549,900 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has decreased to 413. 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.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Peoria market.
Median List Price $549,900
Median Price of New Listings $539,000
Per Square Foot $265
Average Days on Market 85
Median Days on Market 77
Price Decreased 59%
Price Increased 3%
Relisted 5%
Inventory 413
Median Rent
Market Action 38
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$869,000 3,071 0.25 - 0.5 acre 4 3 9 14 8 70
$645,000 2,512 6,500 - 8,000 sqft 4 2.5 15 15 13 77
$489,900 1,928 6,500 - 8,000 sqft 3 2 23 18 12 77
$399,450 1,563 6,500 - 8,000 sqft 3 2 29 16 17 80