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Peoria, AZ 85383

Single-Family Homes

Here is your weekly Market Update!



Peoria, AZ 85383

Mon Dec 11 2023
This week the median list price for Peoria, AZ 85383 is $727,500 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has decreased to 212. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Peoria, AZ 85383

Mon Dec 11 2023
This week the median list price for Peoria, AZ 85383 is $727,500 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has decreased to 212. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Peoria market.
Median List Price $727,500
Median Price of New Listings $695,000
Per Square Foot $298
Average Days on Market 76
Median Days on Market 49
Price Decreased 47%
Price Increased 1%
Relisted 4%
Inventory 212
Median Rent
Market Action 36
Slight Seller's Advantage

Prices in this zip code seem to have settled around a 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
$1,249,990 3,835 0.25 - 0.5 acre 4 4 11 2 5 63
$849,000 2,726 8,000 - 10,000 sqft 4 3 9 4 5 49
$640,000 2,336 6,500 - 8,000 sqft 3 3 16 4 7 42
$530,000 1,852 4,500 - 6,500 sqft 3 2 17 5 11 42