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Arbor District Armstrong Ellis Columbia Terrave North Cottage District Franklin School High Wine Moss Bradley Orchard District Randolph-Roanoke University East Uplands West Main Western Avenue Greenway

PEORIA, IL 61606

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

Neighborhoods in ZIP 61606

Arbor District · Armstrong Ellis · Columbia Terrave North · Cottage District · Franklin School · High Wine · Moss Bradley · Orchard District · Randolph-Roanoke · University East · Uplands · West Main · Western Avenue Greenway

Market Analysis

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

The PEORIA, IL real estate market (61606) currently shows 24 active listings, with 11 pending sales. Homes are averaging 28 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 28 days on market compared to 37 days last year.

The median listing price has fallen 7.2% year-over-year, from $142,500 to $132,260.

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: 7,232  ·  Density: 2,280.7/mi²  ·  Median household income: $47,311

Typical home value: $121,405  ·  Homeownership: 42.7%

Market Overview

Active Listings
24
⇩ 14.3% vs 28 last year
Pending
11
46% pending ratio
Median Price
$132,260
⇩ 7.2% vs $142,500 last year
Average Price
$174,864
⇧ 1.8% vs $171,764 last year
Days on Market
28
⇩ 24.3% vs 37 days last year

Price Per Square Foot

Median $/sqft
$77
⇧ 1.3% vs $76/sqft last year
Median Home Size
2,042 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 24 this year vs 28 last year
  • Days on market: 28 now vs 37 last year

Median & Average Pricing

Year over Year
  • Median: $132,260 (-7.2% YoY)
  • Average: $174,864 (+1.8% 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 15.1 miles — 334 listings ($65,471,073 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61606Peoria, IL 616060.0 mi20$2,924,360$139,900$146,218
61605Peoria, IL 616052.0 mi38$1,708,556$39,900$44,962
61604Peoria, IL 616042.2 mi112$12,018,160$99,950$107,305
61610Creve Coeur, IL 616104.0 mi7$1,053,990$177,400$150,570
61611East Peoria, IL 616114.1 mi53$12,598,365$177,450$237,705
61607Peoria, IL 616076.3 mi29$5,206,602$189,950$179,538
61547Mapleton, IL 615479.1 mi6$1,948,428$288,175$324,738
61536Hanna City, IL 615369.2 mi6$1,574,868$268,725$262,478
61525Dunlap, IL 6152510.7 mi21$9,397,836$419,900$447,516
61550Morton, IL 6155010.9 mi31$13,627,290$316,150$439,590
61539Kingston Mines, IL 6153913.3 mi1$107,000$107,000$107,000
61533Glasford, IL 6153314.3 mi4$599,600$149,450$149,900
61517Brimfield, IL 6151715.1 mi6$2,706,018$499,250$451,003

Frequently Asked Questions

How many homes are for sale in PEORIA, IL 61606?

As of March 2026, there are 24 active listings in PEORIA, IL (zip code 61606), compared to 28 the prior year.

What is the median home price in PEORIA, IL 61606?

The median listing price in PEORIA, IL 61606 is $132,260 as of March 2026, a 7.2% decrease from $142,500 the prior year.

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

Homes in PEORIA, IL 61606 spend an average of 28 days on the market before going under contract, compared to 37 days the prior year.

Is it a seller's or buyer's market in PEORIA, IL 61606?

Based on current inventory and days-on-market data as of March 2026, PEORIA, IL 61606 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 28 days on market compared to 37 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 61606 save an estimated $2,645 compared to a typical 5% commission on the median listing price of $132,260. 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.