Navi Title Agency

Peoria, AZ 85383

Single-Family Homes

Here is your weekly Market Update!


Peoria, AZ 85383

Fri Jul 26 2024
This week the median list price for Peoria, AZ 85383 is $683,500 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 333. 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

Fri Jul 26 2024
This week the median list price for Peoria, AZ 85383 is $683,500 with the market action index hovering around 36. This is less than last month's market action index of 37. Inventory has held steady at or around 333. 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 $683,500
Median Price of New Listings $724,900
Per Square Foot $286
Average Days on Market 70
Median Days on Market 56
Price Decreased 56%
Price Increased 8%
Relisted 5%
Inventory 333
Median Rent
Market Action 36
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
$1,099,000 3,631 0.25 - 0.5 acre 4 4 11 6 9 63
$749,000 2,623 6,500 - 8,000 sqft 4 3 6 12 7 35
$624,900 2,150 6,500 - 8,000 sqft 3 3 5 7 9 56
$525,000 1,940 4,500 - 6,500 sqft 3 2 12 4 8 49