Lawyers Title Market Report

Peoria, AZ

Single-Family Homes

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Peoria, AZ

Mon Jun 21 2021
This week the median list price for Peoria, AZ is $599,900 with the market action index hovering around 98. This is less than last month's market action index of 100. Inventory has increased to 179. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Peoria, AZ

Mon Jun 21 2021
This week the median list price for Peoria, AZ is $599,900 with the market action index hovering around 98. This is less than last month's market action index of 100. Inventory has increased to 179. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Peoria market.
Median List Price $599,900
Median Price of New Listings $499,900
Per Square Foot $232
Average Days on Market 17
Median Days on Market 7
Price Decreased 20%
Price Increased 6%
Relisted 2%
Inventory 179
Median Rent $2,025
Market Action 98
Strong Seller's Market

Prices are climbing and we’re nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$1,150,000 4,007 0.5 - 1 acre 4 3 13 14 4 17
$667,500 3,081 8,000 - 10,000 sqft 4 3 16 23 6 7
$499,900 2,333 8,000 - 10,000 sqft 4 2 15 31 18 0
$379,285 1,726 4,500 - 6,500 sqft 3 2 23 31 24 0