Lawyers Title Market Report

Peoria, AZ

Single-Family Homes

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Peoria, AZ

Wed Nov 13 2019
This week the median list price for Peoria, AZ is $394,771 with the market action index hovering around 50. This is about the same as last month's market action index of 50. Inventory has held steady at or around 514. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Peoria, AZ

Wed Nov 13 2019
This week the median list price for Peoria, AZ is $394,771 with the market action index hovering around 50. This is about the same as last month's market action index of 50. Inventory has held steady at or around 514. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Peoria market.
Median List Price $394,771
Per Square Foot $172
Days on Market 74
Price Decreased 46%
Price Increased 7%
Relisted 6%
Inventory 514
Median House Rent $1,650
Most Expensive $3,295,000
Least Expensive $175,000
Market Action Index
Strong Seller's Market
50

Prices appear to be hovering around their high point. Look for a persistent down-shift 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
$699,925 3,517 0.25 - 0.5 acre 4 3 7 12 8 96
$459,950 2,680 8,000 - 10,000 sqft 4 2 7 15 15 84
$352,500 2,224 0 - 4,500 sqft 4 2 14 17 23 79
$275,000 1,695 0 - 4,500 sqft 3 2 23 25 23 35