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Peoria, AZ 85382

Single-Family Homes

Here is your weekly Market Update!


Peoria, AZ 85382

Thu Sep 21 2023
This week the median list price for Peoria, AZ 85382 is $489,949 with the market action index hovering around 57. This is less than last month's market action index of 59. Inventory has decreased to 48. 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 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 85382

Thu Sep 21 2023
This week the median list price for Peoria, AZ 85382 is $489,949 with the market action index hovering around 57. This is less than last month's market action index of 59. Inventory has decreased to 48. 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 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 $489,949
Median Price of New Listings $519,000
Per Square Foot $263
Average Days on Market 45
Median Days on Market 32
Price Decreased 54%
Price Increased 4%
Relisted 10%
Inventory 48
Median Rent
Market Action 57
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift 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
$602,995 2,249 6,500 - 8,000 sqft 3 2 23 3 5 35
$519,500 2,064 6,500 - 8,000 sqft 4 2 25 4 2 24
$459,700 1,746 0 - 4,500 sqft 3 2 29 2 2 31
$372,495 1,298 4,500 - 6,500 sqft 2 2 29 2 2 28