Your Localized Market Report

Peoria, AZ

Single-Family Homes

Lawyers Title Arizona & Grand Canyon Title Agency www.LawyersTitleArizona.com & www.gcta.com



Peoria, AZ

Fri Dec 13 2024
This week the median list price for Peoria, AZ is $599,600 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has decreased to 623. 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

Market Narrative

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

Fri Dec 13 2024
This week the median list price for Peoria, AZ is $599,600 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has decreased to 623. 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

Market Narrative

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 $599,600
Median Price of New Listings $532,500
Per Square Foot $278
Average Days on Market 88
Median Days on Market 63
Price Decreased 57%
Price Increased 6%
Relisted 3%
Inventory 623
Median Rent
Market Action 35
Slight Seller's Advantage

The market is 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
$929,900 3,176 0.25 - 0.5 acre 4 3.5 9 7 13 70
$675,000 2,414 6,500 - 8,000 sqft 4 3 10 7 25 66
$540,000 1,960 6,500 - 8,000 sqft 3 2 18 11 15 70
$414,994 1,581 4,500 - 6,500 sqft 3 2 30 7 15 49