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ELMWOOD, IL 61529

Real Estate Market Report  ·  Peoria County
Buyer's Market
April 2026  ·  Source: Realtor.com

Market Analysis

Data as of April 2026. Source: Realtor.com.

The ELMWOOD, IL real estate market (61529) currently shows 10 active listings, with 5 pending sales. Homes are averaging 51 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 51 days on market compared to 39 days last year.

The median listing price has fallen 3.5% year-over-year, from $246,200 to $237,500.

Whether you are buying or selling in ELMWOOD, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 2,730  ·  Density: 16.3/mi²  ·  Median household income: $86,280

Typical home value: $152,545  ·  Homeownership: 80.7%

Market Overview

Active Listings
10
⇧ 42.9% vs 7 last year
Pending
5
50% pending ratio
Median Price
$237,500
⇩ 3.5% vs $246,200 last year
Average Price
$443,973
⇧ 80.3% vs $246,200 last year
Days on Market
51
⇧ 30.8% vs 39 days last year

Price Per Square Foot

Median $/sqft
$162
⇧ 58.8% vs $102/sqft last year
Median Home Size
1,931 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 10 this year vs 7 last year
  • Days on market: 51 now vs 39 last year

Median & Average Pricing

Year over Year
  • Median: $237,500 (-3.5% YoY)
  • Average: $443,973 (+80.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 18.8 miles — 269 listings ($60,211,653 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61529Elmwood, IL 615290.0 mi6$3,278,478$322,225$546,413
61517Brimfield, IL 615175.3 mi6$2,706,018$499,250$451,003
61531Farmington, IL 615318.5 mi7$1,703,786$113,000$243,398
61451Laura, IL 6145111.1 mi1$425,999$425,999$425,999
61489Williamsfield, IL 6148911.6 mi1$245,500$245,500$245,500
61428Dahinda, IL 6142813.8 mi6$4,370,388$659,975$728,398
61525Dunlap, IL 6152514.7 mi21$9,397,836$419,900$447,516
61547Mapleton, IL 6154715.8 mi6$1,948,428$288,175$324,738
61615Peoria, IL 6161516.0 mi60$17,586,780$257,175$293,113
61520Canton, IL 6152017.1 mi73$8,720,580$96,800$119,460
61605Peoria, IL 6160517.5 mi38$1,708,556$39,900$44,962
61606Peoria, IL 6160617.9 mi20$2,924,360$139,900$146,218
61602Peoria, IL 6160218.8 mi24$5,194,944$214,975$216,456

Frequently Asked Questions

How many homes are for sale in ELMWOOD, IL 61529?

As of April 2026, there are 10 active listings in ELMWOOD, IL (zip code 61529), compared to 7 the prior year.

What is the median home price in ELMWOOD, IL 61529?

The median listing price in ELMWOOD, IL 61529 is $237,500 as of April 2026, a 3.5% decrease from $246,200 the prior year.

How long do homes stay on the market in ELMWOOD, IL?

Homes in ELMWOOD, IL 61529 spend an average of 51 days on the market before going under contract, compared to 39 days the prior year.

Is it a seller's or buyer's market in ELMWOOD, IL 61529?

Based on current inventory and days-on-market data as of April 2026, ELMWOOD, IL 61529 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 51 days on market compared to 39 days last year.

How much can I save on real estate commission in ELMWOOD, IL?

With SELL123.com's maximum 3% commission, sellers in ELMWOOD, IL 61529 save an estimated $4,750 compared to a typical 5% commission on the median listing price of $237,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.