Peoria is a city located mostly in Maricopa County, but a small portion is located in Yavapai County. It is a suburb of Phoenix with a population of 154,065 and a total area of 141.7 square miles. It was incorporated in 1954, but had its beginnings in the late 1800s.
Parks, athletic facilities, hiking trails, and lakes all reside within the city of Peoria. With over 30 neighborhood parks and two large regional parks there is plenty of room to enjoy the outdoors.
Most of the homes in Peoria are single family dwellings, though there are a number of condos and some townhomes and mobile homes. The majority of the homes listed are those built in the latter part of the 20th century and in the first half of the 2000s, but there are a number of homes from the 50s and 60s.
The Peoria real estate market is a buyer’s market right now. The median value of homes is $234,100 while the median list price is $274,000 and the median sold price is $232,000. Prices have gone up 9% in the past year and are expected to rise another 7% over the next year.
Buying a home in Peoria is a good deal. Not only is it a great place to live, the homes here are more affordable than some other places in the Phoenix area. And of course with the values expected to rise you’ll be making a great investment in your future.
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