Old Republic Title's Market Report

Peoria, AZ

Single-Family Homes



Peoria, AZ

Fri Jun 21 2024
This week the median list price for Peoria, AZ is $611,995 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has held steady at or around 508. 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.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Peoria, AZ

Fri Jun 21 2024
This week the median list price for Peoria, AZ is $611,995 with the market action index hovering around 43. This is about the same as last month's market action index of 43. Inventory has held steady at or around 508. 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.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Peoria market.
Median List Price $611,995
Median Price of New Listings $614,999
Per Square Foot $279
Average Days on Market 65
Median Days on Market 42
Price Decreased 55%
Price Increased 4%
Relisted 5%
Inventory 508
Median Rent
Market Action 43
Slight Seller's Advantage

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
$1,050,000 3,354 0.25 - 0.5 acre 4 4 9 16 14 56
$675,000 2,472 6,500 - 8,000 sqft 4 3 6 19 21 42
$550,000 2,025 4,500 - 6,500 sqft 3 2 16 13 15 35
$425,000 1,633 4,500 - 6,500 sqft 3 2 28 21 23 35