Is Peoria, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Peoria has remained a Seller's Market.
Housing Prices in Peoria, AZ
How much do homes in Peoria, AZ cost?
Median Sold Price
$499,840
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Peoria was $499,840 in April 2024, up 0.3% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $209.9K | $208K | -0.9% |
2 Bedrooms | $379.4K | $384.3K | +1.3% |
3 Bedrooms | $449.9K | $430.9K | -4.2% |
4 Bedrooms | $565.9K | $569.9K | +0.7% |
5+ Bedrooms | $732.5K | $718K | -2.0% |
Summary: Peoria housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes increased by 1.3%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Cities
Youngtown | $305K | $335K | +9.8% |
Phoenix | $433K | $444.3K | +2.6% |
Deer Valley | $600.6K | $615.8K | +2.5% |
Peoria | $498.3K | $499.8K | 0.3% |
Glendale | $425K | $424.6K | -0.1% |
Housing Supply in Peoria, AZ
How many homes are available in Peoria, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,005 | 1,074 | +6.9% |
Summary: The Peoria real estate market had 1,074 homes for sale in April 2024, a 6.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 188 | 191 | +1.6% |
3 Bedrooms | 373 | 419 | +12.3% |
4 Bedrooms | 321 | 331 | +3.1% |
5+ Bedrooms | 121 | 132 | +9.1% |
Summary: The Peoria housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
230 | 267 | +16.1% |
Asking Price vs. Sold Price
152 Homes Were Sold
Under Asking
76 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 267 homes were sold or pending in Peoria in April 2024, up by 16.1% month-over-month. Of the 267 sold homes, 57% were sold under asking, 28% were sold at asking, and 15% were sold over asking.
Days on Market for Peoria, AZ
How long does it take to sell a home in Peoria, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
65 Days | 54 Days | -16.9% |
Summary: Homes in Peoria had an average of 54 days on market in Apr 2024, down by 16.9% compared to last year.
Breakdown of Home Sale Times
112 Homes Were Sold
Under 30 Days
109 Homes Were Sold
In 30 - 90 Days
46 Homes Were Sold
Over 90 Days
Summary: During April 2024, 267 homes were sold in Peoria; 42% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.