First Integrity Title Market Report

Peoria, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 888-636-0372


Peoria, AZ

Fri Jul 26 2024
This week the median list price for Peoria, AZ is $309,000 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has increased to 29. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Peoria, AZ

Fri Jul 26 2024
This week the median list price for Peoria, AZ is $309,000 with the market action index hovering around 45. This is about the same as last month's market action index of 45. Inventory has increased to 29. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Peoria market.
Median List Price $309,000
Median Price of New Listings $300,000
Per Square Foot $260
Average Days on Market 67
Median Days on Market 56
Price Decreased 52%
Price Increased 7%
Relisted 10%
Inventory 29
Median Rent
Market Action 45
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
$479,950 1,602 0 - 4,500 sqft 2 2 29 1 1 56
$378,000 1,454 0 - 4,500 sqft 3 2 29 0 2 42
$285,000 1,050 0 - 4,500 sqft 2 2 38 2 2 49
$224,000 1,025 0 - 4,500 sqft 2 2 42 0 0 70