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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Peoria is a seller's market

Buyer's
Market

Difference Since August 2021

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.

How much do homes in Peoria, AZ cost?

Median Sold Price

$486,998

$260/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$91,889(+23.3%)

Key Takeaway

Homes in Peoria have sold for 23.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $159K$195K
+22.6%
2 $329.9K$385K
+16.7%
3 $353K$442K
+25.2%
4 $446.8K$554.6K
+24.1%
5+ $588.3K$699.9K
+19.0%

Median Sold Price Compared To Nearby Cities

Glendale
+26.8%
Youngtown
+26.5%
Surprise
+25.4%
Peoria
+23.3%
Deer Valley
+22.2%

How many homes are available in Peoria, AZ?

Number of Homes For Sale

Jul 2022Aug 2022%
1,0041,050+4.6%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 22
0.0%
2 144162
+12.5%
3 393421
+7.1%
4 344344
0.0%
5+ 121121
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
230197-14.3%

Asking Price vs. Sold Price

113 Homes Were Sold
Under Asking

44 Homes Were Sold
At Asking

40 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. 57.4% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
22 Days40 Days+76.1%

Breakdown of Home Sale Times

86 Homes Were Sold
Under 30 Days

98 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Peoria has remained consistent over time.

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

About Peoria, AZ

There are 1,050 homes are for sale in Peoria, AZ real estate market. Between July 2022 and August 2022, Peoria, AZ real estate market has seen increase in the number of listings by 4.6%. While the average time on the market in August 2022 was 40 days, the median list price was $486,998. This housing market listing prices have changed between July 2022 and August 2022: 1 bedroom properties prices increased by 22.6%, prices of 2 bedrooms properties increased by 16.7%, the cost of 3 bedrooms properties went up by 25.2%, 4 bedrooms properties prices increased by 24.1%, prices of 5 bedrooms properties increased by 19%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory increased by 12.5%, 3 bedrooms homes became 7.1% more available, 4 bedrooms homes did not move, number of 5 bedrooms homes remained the same. In August 2022, from all listings sold in Peoria, AZ there were more than 40 sold above asking price, over 113 sold below and more than 44 were sold right at the asked price.

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