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Lake Remington

PEKIN, IL 61554

Real Estate Market Report  ·  Tazewell County
Balanced Market
April 2026  ·  Source: Realtor.com

Market Analysis

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

The PEKIN, IL real estate market (61554) currently shows 96 active listings, with 60 pending sales. Homes are averaging 39 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are selling faster, averaging 39 days on market compared to 40 days last year.

The median listing price has risen 36% year-over-year, from $122,450 to $166,500.

Whether you are buying or selling in PEKIN, 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: 40,775  ·  Density: 213.3/mi²  ·  Median household income: $58,813

Typical home value: $120,358  ·  Homeownership: 70.4%

Market Overview

Active Listings
96
⇧ 5.5% vs 91 last year
Pending
60
63% pending ratio
Median Price
$166,500
⇧ 36% vs $122,450 last year
Average Price
$232,657
⇧ 29.9% vs $179,068 last year
Days on Market
39
⇩ 2.5% vs 40 days last year

Price Per Square Foot

Median $/sqft
$102
⇧ 9.7% vs $93/sqft last year
Median Home Size
1,736 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 96 this year vs 91 last year
  • Days on market: 39 now vs 40 last year

Median & Average Pricing

Year over Year
  • Median: $166,500 (+36% YoY)
  • Average: $232,657 (+29.9% 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 15.2 miles — 384 listings ($76,715,287 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61554Pekin, IL 615540.0 mi103$21,697,053$145,550$210,651
61535Groveland, IL 615355.9 mi4$761,868$152,400$190,467
61610Creve Coeur, IL 616106.9 mi7$1,053,990$177,400$150,570
61568Tremont, IL 615688.0 mi11$3,253,492$229,325$295,772
61605Peoria, IL 616059.1 mi38$1,708,556$39,900$44,962
61602Peoria, IL 616029.4 mi24$5,194,944$214,975$216,456
61606Peoria, IL 6160610.8 mi20$2,924,360$139,900$146,218
61546Manito, IL 6154611.4 mi7$958,650$126,450$136,950
61603Peoria, IL 6160311.9 mi48$4,160,928$61,975$86,686
61734Delavan, IL 6173412.8 mi6$1,430,880$257,500$238,480
61536Hanna City, IL 6153613.3 mi6$1,574,868$268,725$262,478
61614Peoria, IL 6161414.8 mi68$17,807,636$225,195$261,877
61571Washington, IL 6157115.2 mi42$14,188,062$263,675$337,811

Frequently Asked Questions

How many homes are for sale in PEKIN, IL 61554?

As of April 2026, there are 96 active listings in PEKIN, IL (zip code 61554), compared to 91 the prior year.

What is the median home price in PEKIN, IL 61554?

The median listing price in PEKIN, IL 61554 is $166,500 as of April 2026, a 36% increase from $122,450 the prior year.

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

Homes in PEKIN, IL 61554 spend an average of 39 days on the market before going under contract, compared to 40 days the prior year.

Is it a seller's or buyer's market in PEKIN, IL 61554?

Based on current inventory and days-on-market data as of April 2026, PEKIN, IL 61554 is currently a Balanced Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are selling faster, averaging 39 days on market compared to 40 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PEKIN, IL 61554 save an estimated $3,330 compared to a typical 5% commission on the median listing price of $166,500. 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.