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PEORIA, IL 61614

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

Market Overview

Active Listings
68
⇧ 1.5% vs 67 last year
Pending
29
43% pending ratio
Median Price
$214,945
⇧ 21.2% vs $177,400 last year
Average Price
$250,037
⇧ 31.6% vs $190,038 last year
Days on Market
52
⇧ 20.9% vs 43 days last year

Market Context

Population: 28,399  ·  Density: 911.7/mi²  ·  Median household income: $66,930

Typical home value: $168,072  ·  Homeownership: 61.4%

Market Analysis

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

The PEORIA, IL real estate market (61614) currently shows 68 active listings, with 29 pending sales. Homes are averaging 52 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 52 days on market compared to 43 days last year.

The median listing price has risen 21.2% year-over-year, from $177,400 to $214,945.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 68 this year vs 67 last year
  • Days on market: 52 now vs 43 last year

Median & Average Pricing

Year over Year
  • Median: $214,945 (+21.2% YoY)
  • Average: $250,037 (+31.6% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 15.2 miles — 350 listings ($85,974,215 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61614Peoria, IL 616140.0 mi68$17,002,516$214,945$250,037
61615Peoria, IL 616152.1 mi60$16,276,860$216,500$271,281
61606Peoria, IL 616064.1 mi21$2,803,836$129,900$133,516
61611East Peoria, IL 616114.9 mi45$9,720,450$165,000$216,010
61605Peoria, IL 616055.9 mi33$1,298,715$37,450$39,355
61525Dunlap, IL 615257.0 mi20$9,570,000$495,000$478,500
61607Peoria, IL 616079.9 mi23$4,215,440$192,450$183,280
61548Metamora, IL 6154810.6 mi15$6,107,865$360,000$407,191
61523Chillicothe, IL 6152311.6 mi31$6,020,665$159,450$194,215
61547Mapleton, IL 6154712.5 mi4$1,390,000$347,500$347,500
61550Morton, IL 6155013.4 mi26$10,358,868$269,900$398,418
61559Princeville, IL 6155914.3 mi2$799,000$399,500$399,500
61545Lowpoint, IL 6154515.2 mi2$410,000$205,000$205,000

Frequently Asked Questions

How many homes are for sale in PEORIA, IL 61614?

As of January 2026, there are 68 active listings in PEORIA, IL (zip code 61614), compared to 67 the prior year.

What is the median home price in PEORIA, IL 61614?

The median listing price in PEORIA, IL 61614 is $214,945 as of January 2026, a 21.2% increase from $177,400 the prior year.

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

Homes in PEORIA, IL 61614 spend an average of 52 days on the market before going under contract, compared to 43 days the prior year.

Is it a seller's or buyer's market in PEORIA, IL 61614?

Based on current inventory and days-on-market data as of January 2026, PEORIA, IL 61614 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 52 days on market compared to 43 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 61614 save an estimated $4,299 compared to a typical 5% commission on the median listing price of $214,945. 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.