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PEORIA, IL 61607

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

Market Analysis

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

The PEORIA, IL real estate market (61607) currently shows 27 active listings, with 13 pending sales. Homes are averaging 53 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 53 days on market compared to 24 days last year.

The median listing price has risen 15.1% year-over-year, from $154,900 to $178,225.

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: 10,522  ·  Density: 120.7/mi²  ·  Median household income: $73,442

Typical home value: $155,791  ·  Homeownership: 86.3%

Market Overview

Active Listings
27
⇧ 28.6% vs 21 last year
Pending
13
48% pending ratio
Median Price
$178,225
⇧ 15.1% vs $154,900 last year
Average Price
$177,691
⇧ 12.3% vs $158,275 last year
Days on Market
53
⇧ 120.8% vs 24 days last year

Price Per Square Foot

Median $/sqft
$117
⇧ 2.6% vs $114/sqft last year
Median Home Size
1,479 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 27 this year vs 21 last year
  • Days on market: 53 now vs 24 last year

Median & Average Pricing

Year over Year
  • Median: $178,225 (+15.1% YoY)
  • Average: $177,691 (+12.3% 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 14.8 miles — 428 listings ($80,700,749 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61607Peoria, IL 616070.0 mi29$5,206,602$189,950$179,538
61605Peoria, IL 616054.3 mi38$1,708,556$39,900$44,962
61604Peoria, IL 616045.6 mi112$12,018,160$99,950$107,305
61606Peoria, IL 616066.3 mi20$2,924,360$139,900$146,218
61536Hanna City, IL 615366.8 mi6$1,574,868$268,725$262,478
61603Peoria, IL 616038.2 mi48$4,160,928$61,975$86,686
61535Groveland, IL 615359.1 mi4$761,868$152,400$190,467
61611East Peoria, IL 616119.8 mi53$12,598,365$177,450$237,705
61616Peoria Heights, IL 6161610.1 mi15$5,039,580$200,400$335,972
61615Peoria, IL 6161510.9 mi60$17,586,780$257,175$293,113
61550Morton, IL 6155013.0 mi31$13,627,290$316,150$439,590
61568Tremont, IL 6156813.9 mi11$3,253,492$229,325$295,772
61534Green Valley, IL 6153414.8 mi1$239,900$239,900$239,900

Frequently Asked Questions

How many homes are for sale in PEORIA, IL 61607?

As of March 2026, there are 27 active listings in PEORIA, IL (zip code 61607), compared to 21 the prior year.

What is the median home price in PEORIA, IL 61607?

The median listing price in PEORIA, IL 61607 is $178,225 as of March 2026, a 15.1% increase from $154,900 the prior year.

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

Homes in PEORIA, IL 61607 spend an average of 53 days on the market before going under contract, compared to 24 days the prior year.

Is it a seller's or buyer's market in PEORIA, IL 61607?

Based on current inventory and days-on-market data as of March 2026, PEORIA, IL 61607 is currently a Buyer's Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 53 days on market compared to 24 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 61607 save an estimated $3,565 compared to a typical 5% commission on the median listing price of $178,225. 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.