Peoria, AZ 85345 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The most reliable recent transaction signal is the median sold price of $389,000, which should be treated as the primary indicator of current market value and recent liquidity when setting or evaluating offers.
2. There is a noticeable listing-to-sale gap where the median listing price is $405,000 versus the median sold price of $389,000, which suggests sellers may need to adjust expectations and buyers may have increased negotiation leverage.
3. Market balance reads as neutral overall (market temperature: neutral), but elevated interest rate pressure (elevated) and a down price year-over-year trend imply pricing friction and cautious buyer behavior—price-sensitive sellers should emphasize clear comp-based pricing to avoid extended marketing time.
4. Slower transaction velocity is indicated by a median days on market of 54, combined with a median price per square foot of $248 and median market rent of $1,864; this mix suggests moderate near-term holding risk for listings and that investors should be cautious because rents are trending down.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.