7040 W Olive Avenue Unit 55, Peoria, AZ 85345, Peoria AZ 85345
Olive Square is a unique community of many single family homes (no common walls) but are classified as condos. This home has an open floor plan, kitchen with breakfast bar and 2 pantries, dining area, 2 bedrooms and 2 bathrooms, large patio and updated flooring. The patio can be accessed, via sliding glass doors, from the living room or the main bedroom. The primary bedroom offers spacious bath, large walk-in closet and laundry. The community offers a pool and spa. The covered parking is right across from the front door for ease of use. Seller will work with buyer agent fee and seller
CloseDaily local analysis
Facts and context beyond the MLS description
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
How this property compares in Peoria
This property is offered at $219 per square foot, compared with a $238 median for active 2-bedroom homes in Peoria. Its asking price falls near the 40th percentile of that active group. The comparison uses 307 active or publicly marketable listings from the same local MLS source, filtered to the same bedroom group rather than mixing every home size together.
The property has been tracked for 0 days, while the current cohort averages 0 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
Recent sold homes near this property
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $300,250, and the median is $252 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 6942 W OLIVE Avenue 54, Peoria, AZ 85345 | Jun 1, 2026 | 2 bd · 924 sqft | $28,000 | 0.1 mi |
| 7080 W CARON Drive, Peoria, AZ 85345 | May 28, 2026 | 3 bd · 1,370 sqft | $335,000 | 0.1 mi |
| 6927 W PUGET Avenue, Peoria, AZ 85345 | May 20, 2026 | 3 bd · 2,085 sqft | $469,900 | 0.2 mi |
| 9120 N 68TH Drive, Peoria, AZ 85345 | Aug 31, 2026 | 2 bd · 1,031 sqft | $285,000 | 0.2 mi |
| 6817 W EVA Street, Peoria, AZ 85345 | Jun 30, 2026 | 2 bd · 1,056 sqft | $285,000 | 0.2 mi |
| 6813 W EVA Street, Peoria, AZ 85345 | Jun 29, 2026 | 3 bd · 1,126 sqft | $305,000 | 0.2 mi |
| 9145 N 68th Avenue, Peoria, AZ 85345 | Apr 30, 2026 | 2 bd · 1,136 sqft | $295,500 | 0.2 mi |
| 7114 W SUNNYSLOPE Lane, Peoria, AZ 85345 | Sep 30, 2026 | 4 bd · 1,896 sqft | $419,000 | 0.2 mi |
MLS timeline
Price and status history
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
- $220,000 · Active
- $220,000 · Active
Continue comparing
Similar active homes in Peoria
These active listings are in the same city and a nearby price range. Each link is rendered on the server so visitors and search engines can move between the property, the city inventory, and other relevant homes without returning to a generic search page.
View all Peoria homes for sale · See the Peoria market report