Peoria, AZ 85383 Real Estate Market Report

ZIP Code: 85383
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Peoria, AZ (85383) reflects a median sold price of $650,000, indicating a stable market despite recent pressures. The neighborhood has experienced a flat price trend, suggesting that while home values are holding steady, there is limited upward momentum. This stability in sold prices, combined with elevated inventory levels, may indicate a shift in buyer sentiment towards more cautious purchasing decisions, as evidenced by the median days on market of 188 days.

The market appears to be balancing between supply and demand, with a neutral market temperature suggesting that while there is moderate sales activity, the excess supply relative to sales may lead to longer selling periods. Additionally, the median market rent stands at $4,070, which remains strong despite a slight year-over-year decrease, indicating ongoing rental demand even as overall market dynamics evolve.

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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.

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Market Metrics

Note: 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.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The median sold price of $650,000 reflects a stable market, with prices showing a flat trend.

2. With a median days on market of 188, properties are experiencing slower sales velocity, indicating elevated inventory levels relative to sales activity.

3. The median market rent of $4,070 remains strong, despite a down trend year-over-year, suggesting ongoing rental demand.

4. The current market temperature is neutral, indicating balanced conditions between buyers and sellers.

5. Elevated interest rate pressure may be influencing buyer behavior and contributing to the slower transaction volume observed.

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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.