Navi Title Agency

Peoria, AZ

Single-Family Homes

Here is your weekly Market Update!


Peoria, AZ

Fri Dec 01 2023
This week the median list price for Peoria, AZ is $596,500 with the market action index hovering around 42. This is less than last month's market action index of 45. Inventory has increased to 402. 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

Fri Dec 01 2023
This week the median list price for Peoria, AZ is $596,500 with the market action index hovering around 42. This is less than last month's market action index of 45. Inventory has increased to 402. 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 $596,500
Median Price of New Listings $552,494
Per Square Foot $277
Average Days on Market 62
Median Days on Market 35
Price Decreased 49%
Price Increased 2%
Relisted 3%
Inventory 402
Median Rent
Market Action 42
Slight Seller's Advantage

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
$999,700 3,432 0.25 - 0.5 acre 4 4 9 7 5 59
$669,900 2,523 6,500 - 8,000 sqft 4 3 16 13 9 31
$529,700 2,082 6,500 - 8,000 sqft 3 2 19 11 14 35
$409,000 1,520 4,500 - 6,500 sqft 3 2 29 17 15 21