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PEORIA HEIGHTS, IL 61616

Real Estate Market Report  ·  Peoria County
Seller's Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The PEORIA HEIGHTS, IL real estate market (61616) currently shows 16 active listings, with 7 pending sales. Homes are averaging 26 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 26 days on market compared to 70 days last year.

The median listing price has fallen 22% year-over-year, from $187,450 to $146,250.

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Market Context

Market Context

Population: 5,890  ·  Density: 894.8/mi²  ·  Median household income: $59,286

Typical home value: $107,754  ·  Homeownership: 62.4%

Market Overview

Active Listings
16
⇩ 15.8% vs 19 last year
Pending
7
44% pending ratio
Median Price
$146,250
⇩ 22% vs $187,450 last year
Average Price
$271,573
⇩ 36.2% vs $425,467 last year
Days on Market
26
⇩ 62.9% vs 70 days last year

Price Per Square Foot

Median $/sqft
$126
⇩ 14.3% vs $147/sqft last year
Median Home Size
1,386 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 16 this year vs 19 last year
  • Days on market: 26 now vs 70 last year

Median & Average Pricing

Year over Year
  • Median: $146,250 (-22% YoY)
  • Average: $271,573 (-36.2% 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 15.5 miles — 380 listings ($83,207,657 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61616Peoria Heights, IL 616160.0 mi15$5,039,580$200,400$335,972
61603Peoria, IL 616032.4 mi48$4,160,928$61,975$86,686
61606Peoria, IL 616063.8 mi20$2,924,360$139,900$146,218
61602Peoria, IL 616024.9 mi24$5,194,944$214,975$216,456
61605Peoria, IL 616055.8 mi38$1,708,556$39,900$44,962
61528Edwards, IL 615288.1 mi8$3,211,400$449,900$401,425
61525Dunlap, IL 615258.7 mi21$9,397,836$419,900$447,516
61607Peoria, IL 6160710.1 mi29$5,206,602$189,950$179,538
61550Morton, IL 6155011.7 mi31$13,627,290$316,150$439,590
61523Chillicothe, IL 6152311.9 mi35$7,038,640$140,950$201,104
61526Edelstein, IL 6152612.9 mi2$1,294,450$647,225$647,225
61554Pekin, IL 6155414.2 mi103$21,697,053$145,550$210,651
61517Brimfield, IL 6151715.5 mi6$2,706,018$499,250$451,003

Frequently Asked Questions

How many homes are for sale in PEORIA HEIGHTS, IL 61616?

As of September 2026, there are 16 active listings in PEORIA HEIGHTS, IL (zip code 61616), compared to 19 the prior year.

What is the median home price in PEORIA HEIGHTS, IL 61616?

The median listing price in PEORIA HEIGHTS, IL 61616 is $146,250 as of September 2026, a 22% decrease from $187,450 the prior year.

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

Homes in PEORIA HEIGHTS, IL 61616 spend an average of 26 days on the market before going under contract, compared to 70 days the prior year.

Is it a seller's or buyer's market in PEORIA HEIGHTS, IL 61616?

Based on current inventory and days-on-market data as of September 2026, PEORIA HEIGHTS, IL 61616 is currently a Seller's Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 26 days on market compared to 70 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PEORIA HEIGHTS, IL 61616 save an estimated $2,925 compared to a typical 5% commission on the median listing price of $146,250. 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.