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Peoria, AZ 85383

Single-Family Homes

Here is your weekly Market Update!



Peoria, AZ 85383

Tue May 28 2024
This week the median list price for Peoria, AZ 85383 is $670,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has increased to 339. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Peoria, AZ 85383

Tue May 28 2024
This week the median list price for Peoria, AZ 85383 is $670,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has increased to 339. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Peoria market.
Median List Price $670,000
Median Price of New Listings $649,950
Per Square Foot $291
Average Days on Market 65
Median Days on Market 42
Price Decreased 53%
Price Increased 4%
Relisted 4%
Inventory 339
Median Rent
Market Action 38
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,143,500 3,496 0.25 - 0.5 acre 4 4 10 9 8 49
$750,000 2,663 8,000 - 10,000 sqft 4 3 8 8 10 35
$624,000 2,125 4,500 - 6,500 sqft 3 3 8 13 8 35
$510,000 1,902 4,500 - 6,500 sqft 3 2 11 10 8 42