Is Peoria, AZ a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Peoria is a seller's market


Difference Since November 2022

Since last year, Peoria has remained a Seller's Market.

Key Takeaway

Peoria is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Peoria, AZ

How much do homes in Peoria, AZ cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Peoria have sold for 4% less than they did a year ago.

Summary: The median home sold price in Peoria was $480,033 in November 2023, down 4% from last year, and the median price per square foot was $256.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $201K$206.2K
2 $390K$367.9K
3 $455K$429.9K
4 $561K$558.1K
5+ $725K$700K

Summary: Peoria housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 3.4%.

Median Sold Price Compared To Nearby Cities

Deer Valley

Housing Supply in Peoria, AZ

How many homes are available in Peoria, AZ?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Peoria real estate market had 781 homes for sale in November 2023, a 2.4% increase compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 01
2 131137
3 311313
4 228231
5+ 9399

Summary: The Peoria housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 6.5%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

89 Homes Were Sold
Under Asking

41 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Peoria, you may be able to get a good deal. 58.6% of homes here sold below asking price last month.

Summary: A total of 152 homes were sold or pending in Peoria in November 2023, down by 14.1% month-over-month. Of the 152 sold homes, 59% were sold under asking, 27% were sold at asking, and 14% 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

Nov 2022Nov 2023CHANGE
55 Days46 Days-15.6%

Summary: Homes in Peoria had an average of 46 days on market in Nov 2023, down by 15.6% compared to last year.

Breakdown of Home Sale Times

74 Homes Were Sold
Under 30 Days

61 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Peoria are selling fast, if you're buying plan to act quickly.

Summary: During November 2023, 152 homes were sold in Peoria; 49% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Peoria, AZ

Nearby Markets to Peoria, AZ

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