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PRINCEVILLE, IL 61559

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

Market Overview

Active Listings
2
⇩ 71.4% vs 7 last year
Pending
1
50% pending ratio
Median Price
$399,500
⇧ 144.8% vs $163,225 last year
Average Price
$399,500
⇧ 132.1% vs $172,138 last year
Days on Market
67
⇧ 86.1% vs 36 days last year

Market Context

Population: 3,845  ·  Density: 15.3/mi²  ·  Median household income: $72,415

Typical home value: $177,226  ·  Homeownership: 83.1%

Market Analysis

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

The PRINCEVILLE, IL real estate market (61559) currently shows 2 active listings, with 1 pending sales. Homes are averaging 67 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 67 days on market compared to 36 days last year.

The median listing price has risen 144.8% year-over-year, from $163,225 to $399,500.

Whether you are buying or selling in PRINCEVILLE, 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: 2 this year vs 7 last year
  • Days on market: 67 now vs 36 last year

Median & Average Pricing

Year over Year
  • Median: $399,500 (+144.8% YoY)
  • Average: $399,500 (+132.1% 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 19.0 miles — 212 listings ($32,320,697 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61559Princeville, IL 615590.0 mi2$799,000$399,500$399,500
61526Edelstein, IL 615267.8 mi2$1,203,900$601,950$601,950
61491Wyoming, IL 614919.9 mi5$829,875$109,900$165,975
61483Toulon, IL 6148312.2 mi3$567,000$189,000$189,000
61523Chillicothe, IL 6152312.5 mi31$6,020,665$159,450$194,215
61489Williamsfield, IL 6148913.2 mi1$245,500$245,500$245,500
61565Sparland, IL 6156515.9 mi1$189,900$189,900$189,900
61616Peoria Heights, IL 6161616.0 mi14$5,599,538$269,000$399,967
61604Peoria, IL 6160416.2 mi113$11,580,579$94,900$102,483
61428Dahinda, IL 6142817.5 mi5$3,756,125$682,500$751,225
61569Trivoli, IL 6156917.9 mi1$229,900$229,900$229,900
61605Peoria, IL 6160518.4 mi33$1,298,715$37,450$39,355
61421Bradford, IL 6142119.0 mi1$0$0$0

Frequently Asked Questions

How many homes are for sale in PRINCEVILLE, IL 61559?

As of January 2026, there are 2 active listings in PRINCEVILLE, IL (zip code 61559), compared to 7 the prior year.

What is the median home price in PRINCEVILLE, IL 61559?

The median listing price in PRINCEVILLE, IL 61559 is $399,500 as of January 2026, a 144.8% increase from $163,225 the prior year.

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

Homes in PRINCEVILLE, IL 61559 spend an average of 67 days on the market before going under contract, compared to 36 days the prior year.

Is it a seller's or buyer's market in PRINCEVILLE, IL 61559?

Based on current inventory and days-on-market data as of January 2026, PRINCEVILLE, IL 61559 is currently a Balanced Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 67 days on market compared to 36 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PRINCEVILLE, IL 61559 save an estimated $7,990 compared to a typical 5% commission on the median listing price of $399,500. 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.