Peoria Zip 85383 Rises 29% in House Sales

By the end of October, 85383 had a total of 1,108 residential homes sold year to date, and the average sales price of $342,568 recorded a gain of .8% above the average price of $339,782 from this reporting period a year ago. The total number of sold residential listings in 85383 had a 29.4% gain from the same time period a year ago, which showed a volume of 856 properties sold, a year-to-year increase of 252 completed transactions. The 300,000-399,999 price range showed one of the largest numbers of sales this year at 377 completed purchases.

Home Listing Prices Show 3% Gain. 85383 has seen a total of 2,042 actively listed properties in 2015 through October 31. The 300,000-399,999 price category saw one of the largest numbers of residences for sale at 667 properties listed. When compared to the same period a year ago, which had 2,060 for sale homes, 85383 reported a 0.9% decline in the total inventory of active listings, a year-to-year drop of 18 residential homes. The area's average active listed price year to date of $390,164 showed an increase of 3% over the average price of $378,691 from this reporting period in 2014. The cumulative days on market (CDOM) for active for sale homes in 85383 was 95 days through October, a 9.2% gain from the average when compared to this time range a year ago. Listed for sale homes are requiring more days on market to sell this year on average.

Sam Lawmaster is a 85383 real estate listing specialist. Stats provided by ARMLS and deemed reliable but not guaranteed; percent changes rounded. To receive current local real estate info or to request a free no obligation evaluation of your property, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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