First Arizona Title's Market Report

Peoria, AZ

Single-Family Homes

First Arizona Title Agency | (480) 385-6500 | www.FirstAZTitle.com



Peoria, AZ

Sat Nov 27 2021
This week the median list price for Peoria, AZ is $562,450 with the market action index hovering around 80. This is about the same as last month's market action index of 80. Inventory has decreased to 180. 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

Sat Nov 27 2021
This week the median list price for Peoria, AZ is $562,450 with the market action index hovering around 80. This is about the same as last month's market action index of 80. Inventory has decreased to 180. 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 $562,450
Median Price of New Listings $502,450
Per Square Foot $249
Average Days on Market 37
Median Days on Market 21
Price Decreased 29%
Price Increased 13%
Relisted 6%
Inventory 180
Median Rent $1,999
Market Action 80
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change 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
$837,000 3,297 0.25 - 0.5 acre 4 3.5 14 6 5 35
$618,999 2,663 8,000 - 10,000 sqft 4 2.5 15 10 13 35
$512,000 2,184 6,500 - 8,000 sqft 4 2.5 17 18 16 7
$429,900 1,653 6,500 - 8,000 sqft 3 2 29 22 24 7