Lawyers Title Market Report

Peoria, AZ 85383

Single-Family Homes

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Peoria, AZ 85383

Mon Jun 21 2021
This week the median list price for Peoria, AZ 85383 is $667,500 with the market action index hovering around 89. This is less than last month's market action index of 96. Inventory has increased to 125. 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Peoria, AZ 85383

Mon Jun 21 2021
This week the median list price for Peoria, AZ 85383 is $667,500 with the market action index hovering around 89. This is less than last month's market action index of 96. Inventory has increased to 125. 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Peoria market.
Median List Price $667,500
Median Price of New Listings $599,999
Per Square Foot $241
Average Days on Market 18
Median Days on Market 7
Price Decreased 19%
Price Increased 7%
Relisted 3%
Inventory 125
Median Rent $2,000
Market Action 89
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. 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
$1,295,000 4,277 1 - 2.5 acres 5 4 13 8 1 21
$750,000 3,187 0.25 - 0.5 acre 4 3 14 14 6 7
$605,000 2,605 8,000 - 10,000 sqft 4 3 9 20 3 0
$475,000 2,024 4,500 - 6,500 sqft 3 2 8 25 9 0