Arizona's Most Current Market Reports

Peoria, AZ

Single-Family Homes

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Peoria, AZ

Sun Aug 01 2021
This week the median list price for Peoria, AZ is $595,000 with the market action index hovering around 91. This is less than last month's market action index of 96. Inventory has increased to 182. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Sun Aug 01 2021
This week the median list price for Peoria, AZ is $595,000 with the market action index hovering around 91. This is less than last month's market action index of 96. Inventory has increased to 182. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $595,000
Median Price of New Listings $536,250
Per Square Foot $239
Average Days on Market 29
Median Days on Market 14
Price Decreased 36%
Price Increased 6%
Relisted 4%
Inventory 182
Median Rent $2,080
Market Action 91
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,079,000 3,750 0.5 - 1 acre 4 3 8 7 6 42
$658,888 3,003 8,000 - 10,000 sqft 4 3 16 16 11 14
$517,450 2,203 6,500 - 8,000 sqft 4 2 15 14 16 7
$425,000 1,817 4,500 - 6,500 sqft 3 2 23 21 23 7