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Peoria, AZ 85381

Single-Family Homes

Here is your weekly Market Update!


Peoria, AZ 85381

Sat Sep 30 2023
This week the median list price for Peoria, AZ 85381 is $625,000 with the market action index hovering around 77. This is less than last month's market action index of 85. Inventory has increased to 25. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Peoria, AZ 85381

Sat Sep 30 2023
This week the median list price for Peoria, AZ 85381 is $625,000 with the market action index hovering around 77. This is less than last month's market action index of 85. Inventory has increased to 25. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Peoria market.
Median List Price $625,000
Median Price of New Listings $487,500
Per Square Foot $291
Average Days on Market 39
Median Days on Market 28
Price Decreased 28%
Price Increased 12%
Relisted 0%
Inventory 25
Median Rent
Market Action 77
Strong Seller's Market

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$988,600 2,750 0.25 - 0.5 acre 3 3 0 0 0 59
$657,450 2,501 8,000 - 10,000 sqft 4 3 35 0 0 24
$589,700 2,323 8,000 - 10,000 sqft 4 2.5 30 2 0 24
$445,000 1,601 6,500 - 8,000 sqft 3 2 36 4 1 0