Is now a good time to sell my house in Peoria?

It depends more on your plans than on the market. The right time is usually when a sale fits your next move, your finances and the state of the house.

To read the market in Peoria, look at how long homes like yours take to go under contract and what they actually sold for in the last few months, not at asking prices.

More in How Do I Know When It’s Time to Sell My House?

Should I sell my Peoria house as-is or fix it up first?

Fix only what will add more to the price than it costs. Sell as-is when the work would be large, slow or uncertain.

Older homes are the norm in Peoria. In our sample, five of five homes were built in 1980 or earlier, so an older house there competes mostly with other older houses. Older homes there also sell at a wider discount to new construction than the Arizona median, 12.0 percent against 24.9 percent.

More in Should I Sell My House As-Is or Fix It Up First?

What are the benefits of selling my Peoria house off-market?

You skip the listing, the showings and the repairs, and you set the date.

  • No public listing. No MLS listing, no listing photos and no open house.
  • The house as it stands. No repairs, no staging and no deep clean before closing.
  • Your date. Close in a few weeks or a few months, whichever suits your next move.
  • One counterpart. You deal with one buyer, not a run of showings and counteroffers.

What you give up is reach. A listing shows the house to every active buyer at once, which can lift the price in a strong market. Should I Sell My House Off-Market? sets out both sides.

What does it cost to sell a house in Peoria?

Commission first, then transfer taxes, title and closing fees, and the repairs or credits a buyer asks for after inspection. Address District charges no commission.

Federal tax on the gain may not apply at all. If you owned the house and lived in it as your main home for two of the last five years, the IRS lets you exclude up to $250,000 of gain, or $500,000 for a married couple filing jointly.

Line by line in How Much Does It Cost to Sell a House?

How fast can I sell my house in Peoria?

As fast as the title work allows, if you sell privately. You and the buyer set the closing date, and the title search and Arizona’s closing documents set the floor.

A listing adds preparation, showings and negotiation up front, then the buyer’s inspection, appraisal and loan approval, any of which can push the date or end the deal.

If you are relocating, read How Do I Sell My House Fast When I’m Moving for Work?

How does selling my Peoria house off-market work?

In four steps, with no listing and no showings.

  1. You tell us about the house, by the offer form or by contacting us.
  2. Someone on our team reviews the house and the neighborhood and may ask to see it.
  3. You get an offer, with no obligation to accept it.
  4. If you accept, a title company or closing attorney handles the closing on the date you choose.

Before you sign anything, we tell you in writing who the buyer is.

What if my Peoria house isn’t selling?

Look at price, condition and exposure, in that order. Few showings usually mean price, and showings without offers usually mean condition.

Before you talk to another buyer, read your listing agreement. Most owe the agent a commission on any sale during the term. More in Why Isn’t My House Selling?

How do I sell an inherited house in Peoria?

Start with who has the authority to sign, usually the personal representative the probate court appoints, or a trustee. A title company will generally not close until that is documented.

Inherited property generally takes a basis equal to its value on the date of death, the IRS says, which can shrink the taxable gain. A probate attorney in Arizona can explain the rest. More in How Do I Sell a House I Inherited?

How does Peoria compare with nearby neighborhoods?

North Phoenix and Sonoran Foothills, 9 miles away, has one older home among the one we sampled. Anthem and North Phoenix, 10 miles away, counts one older home among the one we sampled. North Phoenix and Desert Ridge, 12 miles away, shows one older home among the one we sampled. Peoria ranks tied for 223rd nationally for older homes, ahead of all of them.

Every neighborhood in the index has its own page, and the Arizona page lists all 44 in the state.

Do older homes in Peoria sell for less than new construction?

In our sample, yes. The average price of older homes in 85383 was 12.0 percent of the average price of new construction in the same ZIP code. The Arizona median is 24.9 percent, and the index median is 23.1 percent. With five older homes behind it, treat the figure as a rough guide.

The gap reflects size, lot and condition as much as age, so price an older house against recent sales of other older houses nearby, not against new construction.

Peoria by the numbers

Older homes
5
of 5 homes sampled, built 1980 or earlier
Share of older homes
100.0%
Arizona 57.6%. Index 49.0%.
Older vs new
12.0%
Older home price as a share of new construction
National rank
#223 (tie)
of 1,192 ZIP codes
State rank
#15
of 44 in Arizona
Minimum lot
16,759 sq ft
As recorded in the source data

All five homes in the Address District sample for Peoria (85383) were built in 1980 or earlier. That places 85383 tied for 223rd of 1,192 ZIP codes nationally for the number of older homes, and 15th of 44 in Arizona.

Across the 44 Arizona ZIP codes in the index, 57.6 percent of the homes sampled were built in 1980 or earlier, against 49.0 percent across all 1,192 ZIP codes.

With five homes in the sample, read these figures as a snapshot of the homes sampled rather than a measure of the whole ZIP code.

How 85383 compares

Share of older homes

Homes in the sample built in 1980 or earlier

85383 Peoria100.0%
Arizona57.6%
All ZIP codes in the index49.0%

Older home prices against new construction

Average older home price as a share of new construction

85383 Peoria12.0%
Arizona median24.9%
Index median23.1%

Nearby neighborhoods in the index

ZIPPlaceDistanceRankShare
85085North Phoenix / Sonoran FoothillsPhoenix, AZ9 mi883100.0%
85086Anthem / North PhoenixPhoenix, AZ10 mi883100.0%
85024North Phoenix / Desert Ridge edgePhoenix, AZ12 mi883100.0%
85021North Central PhoenixPhoenix, AZ14 mi69025.0%
85020North Central / SunnyslopePhoenix, AZ15 mi24957.1%
85028Paradise Valley Village / Shea CorridorPhoenix, AZ16 mi550100.0%
85254Kierland / Scottsdale Airpark / Magic ZIPScottsdale, AZ18 mi1785.2%
85266North Scottsdale / Pinnacle PeakScottsdale, AZ19 mi6468.8%

The top of Arizona

State rankZIPPlaceHomesOlder homesShare
185018Arcadia / Camelback EastPhoenix, AZ533362.3%
285253Paradise Valley CoreParadise Valley, AZ513160.8%
385254Kierland / Scottsdale Airpark / Magic ZIPScottsdale, AZ272385.2%
485262Troon / Desert MountainScottsdale, AZ382052.6%
586406Lake Havasu CityMohave County, AZ201575.0%
685251Old Town ScottsdaleScottsdale, AZ211361.9%
785255North Scottsdale / DC Ranch / SilverleafScottsdale, AZ581119.0%
885266North Scottsdale / Pinnacle PeakScottsdale, AZ161168.8%
985260Scottsdale Airpark / Cactus CorridorScottsdale, AZ121083.3%
1085268Fountain HillsMaricopa County, AZ14750.0%

All 44 Arizona ZIP codes in the index ›

About the data. Older homes are homes built in 1980 or earlier. Rank orders ZIP codes by the number of older homes in the sample, then by the number of homes. Full methodology and the complete index. Nothing on this page is legal, tax or financial advice.