Peoria, AZ 85383 Real Estate Market Report

ZIP Code: 85383
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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

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.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Peoria, AZ, are averaging 6.35%, which is 0.48% higher than the 5.87% average observed in February 2026.

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

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Key Findings

1. The primary market-value signal is the $652,500 median sold price, which represents the neighborhood's most reliable recent transaction benchmark and should be prioritized over asking prices when valuing SFR and condo listings in 85383.

2. There is a meaningful spread between the $636,001 median listing price and the $652,500 median sold price, which may indicate seller pricing optimism versus completed transactions; this pricing gap suggests some negotiation or selective acceptance of offers.

3. The median days on market of 174 points to slower sales velocity and extended listing durations, which may reflect buyer caution or higher transaction friction in the current cycle; slower liquidity appears to be present.

4. Market context shows flat price year-over-year trend and flat rent year-over-year trend, with an overall neutral market temperature—together these signals suggest a broadly balanced market rather than a sharply directional one; stable near-term pricing.

5. Financing pressure is a headwind: interest rate pressure is elevated and current local mortgage conditions show 6.35% for 30-year fixed rates, indicating higher borrowing costs that may damp buyer activity and extend time-to-contract; elevated interest rate pressure.

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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.