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Peoria, AZ 85381

Single-Family Homes

Here is your weekly Market Update!



Peoria, AZ 85381

Tue May 28 2024
This week the median list price for Peoria, AZ 85381 is $599,995 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has increased to 43. 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

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 85381

Tue May 28 2024
This week the median list price for Peoria, AZ 85381 is $599,995 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has increased to 43. 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

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 $599,995
Median Price of New Listings $575,000
Per Square Foot $275
Average Days on Market 78
Median Days on Market 42
Price Decreased 44%
Price Increased 7%
Relisted 7%
Inventory 43
Median Rent
Market Action 46
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$941,350 3,064 0.25 - 0.5 acre 4 3 16 0 0 80
$749,900 2,228 8,000 - 10,000 sqft 4 3 26 1 1 49
$550,000 2,140 8,000 - 10,000 sqft 3 2 37 1 1 28
$457,900 1,821 6,500 - 8,000 sqft 3 2 33 0 4 35