First Integrity Title Market Report

Peoria, AZ

Single-Family Homes

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Peoria, AZ

Thu Feb 29 2024
This week the median list price for Peoria, AZ is $614,850 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has increased to 384. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Peoria, AZ

Thu Feb 29 2024
This week the median list price for Peoria, AZ is $614,850 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has increased to 384. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Peoria market.
Median List Price $614,850
Median Price of New Listings $549,702
Per Square Foot $278
Average Days on Market 76
Median Days on Market 42
Price Decreased 47%
Price Increased 3%
Relisted 5%
Inventory 384
Median Rent
Market Action 41
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
$975,000 3,411 0.25 - 0.5 acre 4 4 10 7 6 91
$699,700 2,553 6,500 - 8,000 sqft 4 3 12 20 7 28
$545,000 2,022 6,500 - 8,000 sqft 3 2 19 17 17 35
$428,000 1,602 6,500 - 8,000 sqft 3 2 30 24 24 45