Peoria, AZ Housing Market: Prices, Inventory and Trends (2026)
Peoria's 2026 home prices range from about $480,000 to $573,000 depending on the source and the measure used. The numbers point to a market that is steady rather than hot, and the reason sources disagree is worth understanding before you act.
The Peoria AZ housing market is somewhat competitive, according to Redfin, which scores it 48 out of 100 [1]. That is a typical-value estimate, so it gives you a budget starting point rather than the price any single home will sell for. For the next step, see Alpharetta, GA Housing Market: Prices, Inventory and Trends.
Averages and medians can differ noticeably, so a higher average does not mean most homes cost that much. Read each figure as a measure of the market, not a quote for one property.
The gap between these sources comes from definitions, not one being wrong. Each measures something different, so compare like with like. If you are comparing two listings, use the same source for both. Realtor.com lists 1,535 homes for sale in Peoria, with a median listing price of $489,925 [2].
Why do the Peoria home price figures disagree?
Each of these figures measures something different, so they answer different questions rather than contradicting each other. The gap comes mostly from what each source counts: estimated values, asking prices, averages, or completed sales.
Zillow: an estimate of typical value
Zillow puts the median home value in Peoria at $480,596 for August 2026 [3]. This is Zillow's estimate of what a typical home is worth. It is not the price any particular home sold for.
Realtor.com: homes currently for sale
Realtor.com's median listing price is $489,925 [2]. This covers only homes on the market right now, so it reflects asking prices. A listing price is what the seller asks, and the final sale price can land above or below it. For a closer look, read Sarasota, FL Housing Market: Prices, Inventory and Trends.
Homes.com: an average pulled up by expensive homes
Homes.com lists an average home price of $572,620 [4]. An average adds every price together and divides by the number of homes. A few high-priced homes can push it well above the middle price, which is why this figure runs higher than the medians.
Resideline: a median of completed sales
Resideline reports a median sold price of $495,000 across 1,518 tracked closings as of October 2026 [5]. Because it counts closed deals, it is the closest of these four to what buyers actually paid. The large number of closings means a few unusual sales do not drive it.
When you compare sources, match the measure first. Compare a median sold price with another median sold price, and a median listing price with another listing figure, before you look at the gap.
Are Peoria home prices rising or falling?
Peoria's prices are close to flat. The two main sources you will see disagree on the direction of the change, but both show small moves, not a sharp rise or drop.
Average sale prices are up slightly
Redfin reports the average Peoria house price up 3.3% from last year [1]. An average can be pulled up by a few expensive sales, so this figure shows the direction of the higher end of the market more than the typical home.
Typical home values are slightly down
Zillow's median home value fell 0.8% over the year and 0.2% from July to August 2026 [3]. The median is the middle value of all homes, so it describes a typical home rather than the priciest ones.
A single month can move up or down for reasons that reverse the next month.
What the trend means for you
Put the two measures together and the picture is flat. Redfin's average is up, Zillow's typical value is down, and neither move is large enough to call a trend in either direction.
For example, if you are comparing two listings a few months apart, judge each home's price against its condition, size and location, not against a market-wide move. If you are selling, do not count on a fast rise in prices to close a gap between your asking price and what buyers will pay.
How many homes are for sale in Peoria, and what does that mean?
Realtor.com lists 1,535 homes for sale in Peoria, AZ [2]. That is a count of active listings, so it shows what you can shop for today. For a buyer, a larger pool means more choices in price range and neighborhood.
Homes.com reports 2,365 homes sold in Peoria over the last 12 months [4]. Put that next to the active count and you get a rough sense of how fast homes move. If a year's sales are close to or above the number of homes listed at one time, the market is turning over quickly, and sellers have less room to wait for their asking price.
Why listings compared with sales matter
When listings are high compared with sales, buyers usually have more room to negotiate. You can ask for repairs, a closing cost credit, or a lower price on a home that has sat on the market, because the seller has competing options. When listings are low, buyers often compete for the few homes available and offers tend to stay closer to asking.
For example, suppose two homes in the same neighborhood are listed at the same price. If one has been available for several weeks and the other appeared yesterday, the older listing gives you more leverage to make a lower offer.
The two counts come from different websites and may reflect different dates, so treat them as a rough comparison rather than an exact ratio. Use the pattern, not a single number, to judge how much room you have to negotiate.
Do Peoria homes sell for the asking price?
Most Peoria homes sell for a bit below asking, so plan for some room to negotiate. Realtor.com reports homes sold for about 1.49% below list price on average [6]. That is a citywide average, so it describes the market as a whole, not what any one house will do.
The gap compares the final sale price with the listing price. Real estate professionals often call this the sale-to-list ratio. It does not mean every home will drop by that amount.
Averages hide wide differences. Two homes can list at the same price and end up far apart. A well-priced house in a busy subdivision may draw several offers and sell near asking, while one that sits for months may sell well below it. The citywide number cannot tell you which situation you are in.
How to use the gap when you make an offer
- Ask your agent for recent sales on the street or in the subdivision you want.
- For each sale, compare the sale price with the last list price.
- If most sales land close to asking, expect less room to negotiate. If many sales come in well under asking, you have more room.
- Set your first offer based on that pattern, not on the citywide average.
Your own offer strategy depends on how quickly homes are moving in that neighborhood, and a single sale can skew the picture. Look at several recent sales before you decide. Check the price for the specific neighborhood you want, because prices there can differ from the citywide figure.
What should buyers and sellers take from these numbers?
Start by checking that you are comparing the same measure. A median sold price reflects closed sales, while a median listing price reflects asking prices on homes still for sale, so the two cannot be lined up directly. Resideline's median sold price is built from tracked closings in October 2026 [5].
Dates matter as much as the measure. Use each number only with its own date. Before you make an offer, pull up active listings and recent sales near your target area, since citywide medians can hide big gaps between neighborhoods.