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Lake Remington

PEKIN, IL 61554

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

Market Overview

Active Listings
113
⇧ 27% vs 89 last year
Pending
47
42% pending ratio
Median Price
$129,900
⇧ 2.9% vs $126,225 last year
Average Price
$177,687
⇧ 0.5% vs $176,859 last year
Days on Market
50
⇩ 7.4% vs 54 days last year

Market Context

Population: 40,775  ·  Density: 213.3/mi²  ·  Median household income: $58,813

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

Market Analysis

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

The PEKIN, IL real estate market (61554) currently shows 113 active listings, with 47 pending sales. Homes are averaging 50 days on the market before going under contract.

Inventory has increased compared to last year, with 24 more homes available — giving buyers more choice.

Homes are selling faster, averaging 50 days on market compared to 54 days last year.

The median listing price has risen 2.9% year-over-year, from $126,225 to $129,900.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 113 this year vs 89 last year
  • Days on market: 50 now vs 54 last year

Median & Average Pricing

Year over Year
  • Median: $129,900 (+2.9% YoY)
  • Average: $177,687 (+0.5% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 15.2 miles — 397 listings ($71,159,045 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61554Pekin, IL 615540.0 mi113$20,078,631$129,900$177,687
61535Groveland, IL 615355.9 mi2$235,000$117,500$117,500
61610Creve Coeur, IL 616106.9 mi11$1,737,263$172,450$157,933
61568Tremont, IL 615688.0 mi7$1,545,369$222,500$220,767
61605Peoria, IL 616059.1 mi33$1,298,715$37,450$39,355
61602Peoria, IL 616029.4 mi23$5,049,443$212,450$219,541
61606Peoria, IL 6160610.8 mi21$2,803,836$129,900$133,516
61546Manito, IL 6154611.4 mi10$1,624,500$135,000$162,450
61603Peoria, IL 6160311.9 mi57$4,862,670$64,000$85,310
61734Delavan, IL 6173412.8 mi6$1,655,400$297,500$275,900
61536Hanna City, IL 6153613.3 mi8$1,281,832$140,000$160,229
61614Peoria, IL 6161414.8 mi68$17,002,516$214,945$250,037
61571Washington, IL 6157115.2 mi38$11,983,870$219,900$315,365

Frequently Asked Questions

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

As of January 2026, there are 113 active listings in PEKIN, IL (zip code 61554), compared to 89 the prior year.

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

The median listing price in PEKIN, IL 61554 is $129,900 as of January 2026, a 2.9% increase from $126,225 the prior year.

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

Homes in PEKIN, IL 61554 spend an average of 50 days on the market before going under contract, compared to 54 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 January 2026, PEKIN, IL 61554 is currently a Balanced Market. Inventory has increased compared to last year, with 24 more homes available — giving buyers more choice. Homes are selling faster, averaging 50 days on market compared to 54 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 $2,598 compared to a typical 5% commission on the median listing price of $129,900. 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.