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Downtown Goose Lake High Wine Lincoln Park Logan Park West Martin-Warren Southside Olde Towne South Spring Grove Warehouse District

PEORIA, IL 61605

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

Neighborhoods in ZIP 61605

Downtown · Goose Lake · High Wine · Lincoln Park · Logan Park West · Martin-Warren Southside · Olde Towne South · Spring Grove · Warehouse District

Market Analysis

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

The PEORIA, IL real estate market (61605) currently shows 42 active listings, with 6 pending sales. Homes are averaging 32 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 32 days on market compared to 53 days last year.

The median listing price has fallen 9.7% year-over-year, from $49,860 to $45,000.

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Market Context

Market Context

Population: 13,776  ·  Density: 1,214.9/mi²  ·  Median household income: $23,155

Typical home value: $47,917  ·  Homeownership: 38.7%

Market Overview

Active Listings
42
⇧ 13.5% vs 37 last year
Pending
6
14% pending ratio
Median Price
$45,000
⇩ 9.7% vs $49,860 last year
Average Price
$49,536
⇧ 4.9% vs $47,230 last year
Days on Market
32
⇩ 39.6% vs 53 days last year

Price Per Square Foot

Median $/sqft
$43
⇩ 8.5% vs $47/sqft last year
Median Home Size
973 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 42 this year vs 37 last year
  • Days on market: 32 now vs 53 last year

Median & Average Pricing

Year over Year
  • Median: $45,000 (-9.7% YoY)
  • Average: $49,536 (+4.9% 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 14.7 miles — 175 listings ($40,769,844 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61605Peoria, IL 616050.0 mi38$1,708,556$39,900$44,962
61606Peoria, IL 616062.0 mi20$2,924,360$139,900$146,218
61610Creve Coeur, IL 616102.9 mi7$1,053,990$177,400$150,570
61607Peoria, IL 616074.3 mi29$5,206,602$189,950$179,538
61616Peoria Heights, IL 616165.8 mi15$5,039,580$200,400$335,972
61547Mapleton, IL 615477.2 mi6$1,948,428$288,175$324,738
61536Hanna City, IL 615368.1 mi6$1,574,868$268,725$262,478
61535Groveland, IL 615358.5 mi4$761,868$152,400$190,467
61550Morton, IL 6155011.1 mi31$13,627,290$316,150$439,590
61539Kingston Mines, IL 6153911.3 mi1$107,000$107,000$107,000
61564South Pekin, IL 6156412.4 mi3$182,850$60,950$60,950
61569Trivoli, IL 6156913.6 mi1$229,900$229,900$229,900
61548Metamora, IL 6154814.7 mi14$6,404,552$467,450$457,468

Frequently Asked Questions

How many homes are for sale in PEORIA, IL 61605?

As of September 2026, there are 42 active listings in PEORIA, IL (zip code 61605), compared to 37 the prior year.

What is the median home price in PEORIA, IL 61605?

The median listing price in PEORIA, IL 61605 is $45,000 as of September 2026, a 9.7% decrease from $49,860 the prior year.

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

Homes in PEORIA, IL 61605 spend an average of 32 days on the market before going under contract, compared to 53 days the prior year.

Is it a seller's or buyer's market in PEORIA, IL 61605?

Based on current inventory and days-on-market data as of September 2026, PEORIA, IL 61605 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 32 days on market compared to 53 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 61605 save an estimated $900 compared to a typical 5% commission on the median listing price of $45,000. 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.