Is Peoria, AZ 85385 a buyer’s or seller’s market?
Peoria is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Peoria housing market right now
In the three months ending August 31, 2026, 0% of homes in Peoria, AZ 85385 sold above their list price, the typical home went under contract in 52 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (29 days then) and the median sale price fell 6% to $376,587. Overall, Peoria is less competitive than a year ago, which gives buyers more room.
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Where Peoria is
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Questions about Peoria real estate
Is Peoria a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Peoria, AZ 85385 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Peoria?
The typical home went under contract in 52 days in the latest three months.
Do homes in Peoria sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.1% of the list price.
What is the median home price in Peoria?
The median sale price was $376,587 in the three months ending August 31, 2026, about $222 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology