Peoria, AZ Housing Market Report

The Peoria, AZ housing market is currently transitioning into a more balanced environment that increasingly favors buyers. As of December 2025, the median home value stands at $480,835, reflecting a year-over-year decrease of 2.89%. This cooling trend is further evidenced by a significant 9.29% increase in active inventory, totaling 21,137 available listings. With more options on the market and homes taking an average of 70 days to sell—eight days longer than the previous year—buyers now have more leverage to negotiate terms and avoid the bidding wars that characterized previous years.

Recent price data suggests that while the market saw a steady decline through the summer and early fall of 2025, values have begun to stabilize. After hitting a low point of approximately $479,378 in October, the median home value has seen modest month-over-month increases in November and December. This stabilization indicates that the market may be finding its floor, supported by a sale-to-list ratio of 0.99, which shows that sellers are still receiving offers very close to their asking prices despite the broader annual decline.

Looking ahead, both buyers and sellers should approach the Peoria market with realistic expectations. For sellers, the increase in days on market means patience and competitive pricing are essential to stand out among the growing inventory. For buyers, the current climate offers a rare window of opportunity to secure properties at slightly lower valuations than last year with less competition. As part of the broader Phoenix-Mesa-Chandler metro area, Peoria remains a desirable suburban hub, but the rapid appreciation seen in the early 2020s has clearly given way to a more sustainable, slow-growth trajectory.