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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$409,495|
|Per Square Foot||$183|
|Days on Market||70|
|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.
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|