First Integrity Title Market Report

Peoria, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 888-636-0372



Peoria, AZ

Wed May 22 2024
This week the median list price for Peoria, AZ is $348,700 with the market action index hovering around 48. This is an increase over last month's market action index of 46. Inventory has decreased to 26. 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

Wed May 22 2024
This week the median list price for Peoria, AZ is $348,700 with the market action index hovering around 48. This is an increase over last month's market action index of 46. Inventory has decreased to 26. 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 $348,700
Median Price of New Listings $309,900
Per Square Foot $264
Average Days on Market 72
Median Days on Market 39
Price Decreased 58%
Price Increased 0%
Relisted 8%
Inventory 26
Median Rent
Market Action 48
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
$481,250 1,508 0 - 4,500 sqft 2 2 28 1 0 28
$367,494 1,525 0 - 4,500 sqft 3 3 23 0 0 108
$309,900 1,074 0 - 4,500 sqft 2 2 38 2 3 21
$259,900 1,025 0 - 4,500 sqft 2 2 39 0 1 42