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Featured local agent — Peoria, AZ
Sarah Mitchell
Compass Real Estate · Peoria, AZ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Peoria, AZ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$524,600median sale price
How is the Peoria, AZ housing market right now?
The median home sale price in Peoria, AZ is $524,600, down 4.4% year-over-year. Homes sell in an average of 59 days with 933 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Peoria a buyer's or seller's market?
Peoria, AZ is currently a balanced market, based on 3.6 months of supply and homes selling in about 59 days. How we determine this →
Homes sold
261
Last 12 weeks
Days on market
59
Average pace
Active listings
933
3.6 months supply
Sale-to-list
98.4%
Below asking
What does the Peoria housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $524,600 |
| Median list price | $540,000 |
| Year-over-year price change | -4.4% |
| Average days on market | 59 days |
| Active inventory | 933 listings |
| Months of supply | 3.6 months |
| Sale-to-list price ratio | 98.4% |
| Median price per sq ft | $258/sq ft |
| Homes sold (latest month) | 261 |
| New listings (latest month) | 303 |
| Listings with a price cut | 32.8% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Peoria by property type?
How the Peoria, AZ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $541,250 | $260/sq ft | 244 | 59 days |
| Condo / Co-op | $249,000 | $230/sq ft | 1 | 237 days |
| Townhouse | $333,000 | $239/sq ft | 17 | 71 days |
Source: Redfin · Updated monthly
The Peoria housing market is currently classified as a balanced market with a median sale price of $524,600. Prices have fallen 4.4% compared to last year, with homes spending an average of 59 days on market, indicating 3.6 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.2x provides context for how home values compare to local earning capacity.
Homes for sale in Peoria
There are currently 933 homes listed for sale in Peoria, Arizona. The median listing price is $540K.
Active listings
933
Homes on market
Median list price
$540K
Avg. days on market
59
Days until sale
New this week
303
Newly listed
Who lives in Peoria?
Population
194,338
Median income
$93,403/yr
Median age
42.1 years
Owner-occupied
75.5%
College grads
35.5%
Avg commute
28.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Peoria?
Zillow home value
$486,091
Zillow rent index
$1,876/mo
Price-to-rent ratio
21.6x
Price-to-income
5.2x
Source: Zillow Research
What is it like to live in Peoria?
Peoria is a community of approximately 194K residents with a median age of 42.1 years.The median household income is $93,403, which reflects a relatively affluent area with strong earning potential. 35.5% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 75.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Peoria offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Peoria?
48 schools tracked · 34,040 students
The largest public schools serving Peoria, AZ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Liberty High School
Grades 7-12 · 2,562 students
Centennial High School
Grades 7-12 · 2,002 students
Sunrise Mountain High School
Grades 7-12 · 1,973 students
Peoria High School
Grades 7-12 · 1,573 students
Lake Pleasant Elementary
Grades PK-8 · 1,276 students
Vistancia Elementary School
Grades PK-8 · 1,108 students
Sunset Heights Elementary School
Grades PK-8 · 1,019 students
West Wing School
Grades PK-8 · 1,018 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Peoria, AZ?
Want a head-to-head view? Compare Peoria side-by-side with any other U.S. city using our market-comparison tool.
Is Peoria a good real estate investment market?
For investors evaluating Peoria, the price-to-rent ratio of 21.6x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 4.4% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Peoria's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Peoria's median home price.
Frequently asked questions
What is the average home price in Peoria?
The median home sale price in Peoria is $524,600, down 4.4% from last year.
How long do homes stay on market in Peoria?
Homes typically spend 59 days on market before going under contract.
What is the median income in Peoria?
The median household income is $93,403 per year.
Is Peoria a buyer's or seller's market?
With 3.6 months of supply, Peoria is currently a balanced market.
What is the Zillow home value estimate for Peoria?
The Zillow Home Value Index (ZHVI) for Peoria is $486,091, representing the typical home value in the area.
What is the median condo price in Peoria?
The median condo/co-op sale price in Peoria, AZ is $249,000, compared to $541,250 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Peoria?
The median single-family home price in Peoria, AZ is $541,250 (about $260 per square foot).
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