Peoria, AZ 85383 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 primary indicator of market value is the 648,500 median sold price, which reflects recent transaction activity and serves as the best single-point measure of market value for SFR and condo properties in 85383; use sold prices, not asking prices, for valuation work.
2. Market liquidity appears slower: the 372 median days on market suggests extended marketing times and slower sales velocity, while sample-level data indicates a relatively constrained active supply that may support price resilience.
3. There is a notable listing-to-sale relationship where the 614,945 median listing price sits below the 648,500 median sold price, which suggests sellers are achieving transaction prices above typical asking levels in recent deals and may indicate pricing friction or selective demand; sellers can still realize premiums in executed transactions.
4. External pressures are present: interest rate pressure is elevated (local 30-year fixed rates ~6.5%), rent trends are down year-over-year, and the market context shows a 2,500 median market rent and 241 median price per square foot—use caution on leverage-sensitive purchases and prioritize deals with clear cash-flow or equity upside.

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.