Is Peoria, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$490,921
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Peoria was $490,921 in February 2024, down 2.6% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $206.7K | -1.5% |
2 Bedrooms | $385K | $375.7K | -2.4% |
3 Bedrooms | $457.5K | $435K | -4.9% |
4 Bedrooms | $568.6K | $565K | -0.6% |
5+ Bedrooms | $710K | $712.2K | 0.3% |
Summary: Peoria housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.5%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Cities
Youngtown | $319.9K | $335.5K | +4.9% |
Deer Valley | $611.4K | $609.5K | -0.3% |
Phoenix | $440.6K | $435.8K | -1.1% |
Peoria | $503.9K | $490.9K | -2.6% |
Glendale | $432K | $419.9K | -2.8% |
Housing Supply in Peoria, AZ
How many homes are available in Peoria, AZ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
824 | 875 | +6.2% |
Summary: The Peoria real estate market had 875 homes for sale in February 2024, a 6.2% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 163 | 165 | +1.2% |
3 Bedrooms | 311 | 328 | +5.5% |
4 Bedrooms | 250 | 273 | +9.2% |
5+ Bedrooms | 98 | 107 | +9.2% |
Summary: The Peoria housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 9.2%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
164 | 185 | +12.8% |
Asking Price vs. Sold Price
112 Homes Were Sold
Under Asking
46 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 185 homes were sold or pending in Peoria in February 2024, up by 12.8% month-over-month. Of the 185 sold homes, 61% were sold under asking, 25% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
76 Days | 57 Days | -25.5% |
Summary: Homes in Peoria had an average of 57 days on market in Feb 2024, down by 25.5% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
80 Homes Were Sold
In 30 - 90 Days
38 Homes Were Sold
Over 90 Days
Summary: During February 2024, 185 homes were sold in Peoria; 36% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.