Is Peoria, AZ 85381 a buyer’s or seller’s market?

The Peoria housing market right now

In the three months ending August 31, 2026, 9% of homes in Peoria, AZ 85381 sold above their list price, the typical home went under contract in 64 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 82 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 15%, homes sold more slowly (55 days then) and the median sale price rose 4% to $467,298. Overall, Peoria is less competitive than a year ago, which gives buyers more room.

Within Maricopa County, homes here sell more slowly than in 56% of the county’s ZIP codes, and sell less often over asking than in 59%. On our competition score, Peoria ranks #90 of 231 AZ ZIP codes with enough sales (score 32 out of 100).

Nearby, buyers who want less competition could look at Wickenburg 85390 (0% sold over asking) or Carefree 85377 (0% sold over asking), while Arlington 85322 (33% sold over asking) and Tolleson 85353 (32% sold over asking) are even more competitive.