Is Peoria, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$497,939
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Peoria was $497,939 in March 2024, down 0.4% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $213.9K | $201K | -6.1% |
2 Bedrooms | $381.3K | $384.5K | +0.8% |
3 Bedrooms | $450K | $435.1K | -3.3% |
4 Bedrooms | $569.9K | $569.3K | -0.1% |
5+ Bedrooms | $723.3K | $715K | -1.2% |
Summary: Peoria housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.1%, 2 bedroom homes increased by 0.8%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Cities
Youngtown | $302K | $335K | +10.9% |
Deer Valley | $604.7K | $615K | +1.7% |
Phoenix | $437.6K | $440K | +0.6% |
Peoria | $499.9K | $497.9K | -0.4% |
Glendale | $430.1K | $420K | -2.4% |
Housing Supply in Peoria, AZ
How many homes are available in Peoria, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
903 | 998 | +10.5% |
Summary: The Peoria real estate market had 998 homes for sale in March 2024, a 10.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 162 | 180 | +11.1% |
3 Bedrooms | 341 | 367 | +7.6% |
4 Bedrooms | 289 | 325 | +12.5% |
5+ Bedrooms | 109 | 124 | +13.8% |
Summary: The Peoria housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 13.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
202 | 228 | +12.9% |
Asking Price vs. Sold Price
125 Homes Were Sold
Under Asking
72 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 228 homes were sold or pending in Peoria in March 2024, up by 12.9% month-over-month. Of the 228 sold homes, 55% were sold under asking, 32% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
73 Days | 56 Days | -22.8% |
Summary: Homes in Peoria had an average of 56 days on market in Mar 2024, down by 22.8% compared to last year.
Breakdown of Home Sale Times
89 Homes Were Sold
Under 30 Days
91 Homes Were Sold
In 30 - 90 Days
48 Homes Were Sold
Over 90 Days
Summary: During March 2024, 228 homes were sold in Peoria; 39% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.