Old Republic Title Market Report

Peoria, AZ

Single-Family Homes

www.ortc.com | 602-631-3755



Peoria, AZ

Sun Apr 05 2020
This week the median list price for Peoria, AZ is $424,945 with the market action index hovering around 55. This is an increase over last month's market action index of 54. Inventory has held steady at or around 460. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Peoria, AZ

Sun Apr 05 2020
This week the median list price for Peoria, AZ is $424,945 with the market action index hovering around 55. This is an increase over last month's market action index of 54. Inventory has held steady at or around 460. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Peoria market.
Median List Price $424,945
Per Square Foot $181
Days on Market 55
Price Decreased 33%
Price Increased 8%
Relisted 3%
Inventory 460
Median Rent $1,750
Most Expensive $2,691,800
Least Expensive $175,000
Market Action 55
Strong Seller's Market

The market seems to have paused around its high point. 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
$674,900 3,331 0.25 - 0.5 acre 4 3 7 15 11 94
$489,500 2,599 8,000 - 10,000 sqft 4 2 8 25 13 60
$375,000 2,173 0 - 4,500 sqft 4 2 13 31 13 40
$285,000 1,687 0 - 4,500 sqft 3 2 22 39 31 23