Old Republic Title Market Report

Peoria, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Peoria, AZ

Wed Sep 22 2021
This week the median list price for Peoria, AZ is $574,900 with the market action index hovering around 83. This is less than last month's market action index of 86. Inventory has decreased to 193. 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

Wed Sep 22 2021
This week the median list price for Peoria, AZ is $574,900 with the market action index hovering around 83. This is less than last month's market action index of 86. Inventory has decreased to 193. 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 $574,900
Median Price of New Listings $509,950
Per Square Foot $244
Average Days on Market 30
Median Days on Market 14
Price Decreased 28%
Price Increased 5%
Relisted 7%
Inventory 193
Median Rent $2,000
Market Action 83
Strong Seller's Market

The market appears to be 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
$888,691 3,597 0.25 - 0.5 acre 4 3 13 8 9 21
$646,995 2,824 8,000 - 10,000 sqft 4 3 15 17 16 21
$512,450 2,141 6,500 - 8,000 sqft 3 2 8 16 14 17
$410,000 1,575 6,500 - 8,000 sqft 3 2 25 23 21 7