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Averyville Detweiller Marina East Bluff NHS East Bluff Serenity East Bluff United Gift Area Glen Oak Historic Glen Oak Park Near Northside Olde Towne North Prospect Road

PEORIA, IL 61603

Real Estate Market Report
Seller's Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 61603

Averyville · Detweiller Marina · East Bluff NHS · East Bluff Serenity · East Bluff United · Gift Area · Glen Oak Historic · Glen Oak Park · Near Northside · Olde Towne North · Prospect Road

Market Analysis

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

The PEORIA, IL real estate market (61603) currently shows 51 active listings, with 19 pending sales. Homes are averaging 44 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 44 days on market compared to 66 days last year.

The median listing price has risen 10% year-over-year, from $62,000 to $68,200.

Whether you are buying or selling in PEORIA, 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: 15,789  ·  Density: 1,443.0/mi²  ·  Median household income: $41,069

Typical home value: $72,718  ·  Homeownership: 47.8%

Market Overview

Active Listings
51
⇩ 7.3% vs 55 last year
Pending
19
37% pending ratio
Median Price
$68,200
⇧ 10% vs $62,000 last year
Average Price
$84,583
⇧ 18.7% vs $71,250 last year
Days on Market
44
⇩ 33.3% vs 66 days last year

Price Per Square Foot

Median $/sqft
$51
vs $51/sqft last year
Median Home Size
1,261 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 51 this year vs 55 last year
  • Days on market: 44 now vs 66 last year

Median & Average Pricing

Year over Year
  • Median: $68,200 (+10% YoY)
  • Average: $84,583 (+18.7% 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 — 252 listings ($58,816,892 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61603Peoria, IL 616030.0 mi48$4,160,928$61,975$86,686
61606Peoria, IL 616062.1 mi20$2,924,360$139,900$146,218
61602Peoria, IL 616022.7 mi24$5,194,944$214,975$216,456
61605Peoria, IL 616053.9 mi38$1,708,556$39,900$44,962
61610Creve Coeur, IL 616105.0 mi7$1,053,990$177,400$150,570
61571Washington, IL 615718.0 mi42$14,188,062$263,675$337,811
61528Edwards, IL 615288.9 mi8$3,211,400$449,900$401,425
61550Morton, IL 615509.9 mi31$13,627,290$316,150$439,590
61548Metamora, IL 6154810.8 mi14$6,404,552$467,450$457,468
61536Hanna City, IL 6153611.2 mi6$1,574,868$268,725$262,478
61733Deer Creek, IL 6173313.9 mi1$220,000$220,000$220,000
61568Tremont, IL 6156815.2 mi11$3,253,492$229,325$295,772
61526Edelstein, IL 6152615.2 mi2$1,294,450$647,225$647,225

Frequently Asked Questions

How many homes are for sale in PEORIA, IL 61603?

As of March 2026, there are 51 active listings in PEORIA, IL (zip code 61603), compared to 55 the prior year.

What is the median home price in PEORIA, IL 61603?

The median listing price in PEORIA, IL 61603 is $68,200 as of March 2026, a 10% increase from $62,000 the prior year.

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

Homes in PEORIA, IL 61603 spend an average of 44 days on the market before going under contract, compared to 66 days the prior year.

Is it a seller's or buyer's market in PEORIA, IL 61603?

Based on current inventory and days-on-market data as of March 2026, PEORIA, IL 61603 is currently a Seller's Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 44 days on market compared to 66 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PEORIA, IL 61603 save an estimated $1,364 compared to a typical 5% commission on the median listing price of $68,200. 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.