Old Republic Title Market Report

Peoria, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Peoria, AZ

Wed May 27 2020
This week the median list price for Peoria, AZ is $409,495 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has held steady at or around 438. 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 off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Peoria, AZ

Wed May 27 2020
This week the median list price for Peoria, AZ is $409,495 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has held steady at or around 438. 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 off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the Peoria market.
Median List Price $409,495
Per Square Foot $183
Days on Market 70
Price Decreased 40%
Price Increased 8%
Relisted 4%
Inventory 438
Median Rent $1,750
Most Expensive $2,691,800
Least Expensive $175,000
Market Action 51
Strong Seller's Market

The market has been on a downward trend in the last few weeks and this week, while essentially flat, doesn’t break us out of that cycle.

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
$669,999 3,185 0.25 - 0.5 acre 4 3 7 11 9 109
$481,504 2,574 8,000 - 10,000 sqft 4 2 7 13 17 75
$361,110 2,147 0 - 4,500 sqft 4 2 5 25 25 47
$289,900 1,723 0 - 4,500 sqft 3 2 23 26 47 47