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PRINCEVILLE, IL 61559

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

Market Analysis

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

The PRINCEVILLE, IL real estate market (61559) currently shows 8 active listings, with 3 pending sales. Homes are averaging 67 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 67 days on market compared to 35 days last year.

The median listing price has fallen 22.5% year-over-year, from $428,250 to $332,000.

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Market Context

Market Context

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

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

Market Overview

Active Listings
8
⇧ 60% vs 5 last year
Pending
3
38% pending ratio
Median Price
$332,000
⇩ 22.5% vs $428,250 last year
Average Price
$323,040
⇩ 31.9% vs $474,150 last year
Days on Market
67
⇧ 91.4% vs 35 days last year

Price Per Square Foot

Median $/sqft
$139
⇩ 22.3% vs $179/sqft last year
Median Home Size
2,382 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99%
Listings with no price change
Price Reduced
1%
—

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 8 this year vs 5 last year
  • Days on market: 67 now vs 35 last year

Median & Average Pricing

Year over Year
  • Median: $332,000 (-22.5% YoY)
  • Average: $323,040 (-31.9% 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 18.9 miles — 247 listings ($60,266,243 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61559Princeville, IL 615590.0 mi1$399,000$399,000$399,000
61526Edelstein, IL 615267.8 mi2$1,294,450$647,225$647,225
61451Laura, IL 614518.5 mi1$425,999$425,999$425,999
61528Edwards, IL 6152810.4 mi8$3,211,400$449,900$401,425
61615Peoria, IL 6161512.2 mi60$17,586,780$257,175$293,113
61529Elmwood, IL 6152912.9 mi6$3,278,478$322,225$546,413
61614Peoria, IL 6161414.3 mi68$17,807,636$225,195$261,877
61536Hanna City, IL 6153615.9 mi6$1,574,868$268,725$262,478
61572Yates City, IL 6157216.0 mi2$207,400$103,700$103,700
61606Peoria, IL 6160617.5 mi20$2,924,360$139,900$146,218
61603Peoria, IL 6160317.8 mi48$4,160,928$61,975$86,686
61485Victoria, IL 6148518.1 mi1$2,200,000$2,200,000$2,200,000
61602Peoria, IL 6160218.9 mi24$5,194,944$214,975$216,456

Frequently Asked Questions

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

As of September 2026, there are 8 active listings in PRINCEVILLE, IL (zip code 61559), compared to 5 the prior year.

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

The median listing price in PRINCEVILLE, IL 61559 is $332,000 as of September 2026, a 22.5% decrease from $428,250 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 35 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 September 2026, PRINCEVILLE, IL 61559 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 67 days on market compared to 35 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 $6,640 compared to a typical 5% commission on the median listing price of $332,000. 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.