Contracts Low in Peoria Real Estate Market

There were 269 homes sold in the Peoria market over the last 30 days, but 190 contracts were executed. This marks the lowest amount since January, and could be a sign that the market is approaching a low. When comparing other close-by municipalities within the same period, the most came from Phoenix with 1,407 contracts executed. Prices are falling in Peoria, and this period the median price of all sales fell from $259,356 to $255,000. In spite of contracts trending lower, there are only three months of inventory available, which signals that Peoria is a still seller's market.

Be the first to look at these new listings in Peoria and you could discover the right home:

$203K   $138K   $273K  

Get started right now by checking out Peoria homes for sale or reviewing Peoria real estate trends.

Demographic facts for Peoria:

  • The median value of all homes is $133,900.
  • Average number of rainy days is 24 per year. (U.S. average: 100)
  • This area has an unemployment rate of 7.5%.
  • The students per teacher ratio in this area is 21.4:1. (15.3:1 = national average)

Data reported through 10/19/2016

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