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.
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
$499,840
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Peoria has remained the same since last year.
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
Key Takeaway
If you're buying a home in Peoria, you may be able to get a good deal. 56.9% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Peoria are selling fast, if you're buying plan to act quickly.
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.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.