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PEORIA HEIGHTS, IL 61616

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

Market Overview

Active Listings
14
⇩ 41.7% vs 24 last year
Pending
6
43% pending ratio
Median Price
$269,000
⇧ 81.7% vs $148,050 last year
Average Price
$399,967
⇧ 43.6% vs $278,524 last year
Days on Market
83
⇧ 15.3% vs 72 days last year

Market Context

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

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

Market Analysis

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

The PEORIA HEIGHTS, IL real estate market (61616) currently shows 14 active listings, with 6 pending sales. Homes are averaging 83 days on the market before going under contract.

Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 83 days on market compared to 72 days last year.

The median listing price has risen 81.7% year-over-year, from $148,050 to $269,000.

Whether you are buying or selling in PEORIA HEIGHTS, 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: 14 this year vs 24 last year
  • Days on market: 83 now vs 72 last year

Median & Average Pricing

Year over Year
  • Median: $269,000 (+81.7% YoY)
  • Average: $399,967 (+43.6% 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 16.0 miles — 371 listings ($74,251,256 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61616Peoria Heights, IL 616160.0 mi14$5,599,538$269,000$399,967
61603Peoria, IL 616032.4 mi57$4,862,670$64,000$85,310
61606Peoria, IL 616063.8 mi21$2,803,836$129,900$133,516
61602Peoria, IL 616024.9 mi23$5,049,443$212,450$219,541
61605Peoria, IL 616055.8 mi33$1,298,715$37,450$39,355
61528Edwards, IL 615288.1 mi6$2,390,550$449,900$398,425
61525Dunlap, IL 615258.7 mi20$9,570,000$495,000$478,500
61607Peoria, IL 6160710.1 mi23$4,215,440$192,450$183,280
61550Morton, IL 6155011.7 mi26$10,358,868$269,900$398,418
61523Chillicothe, IL 6152311.9 mi31$6,020,665$159,450$194,215
61526Edelstein, IL 6152612.9 mi2$1,203,900$601,950$601,950
61554Pekin, IL 6155414.2 mi113$20,078,631$129,900$177,687
61559Princeville, IL 6155916.0 mi2$799,000$399,500$399,500

Frequently Asked Questions

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

As of January 2026, there are 14 active listings in PEORIA HEIGHTS, IL (zip code 61616), compared to 24 the prior year.

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

The median listing price in PEORIA HEIGHTS, IL 61616 is $269,000 as of January 2026, a 81.7% increase from $148,050 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 83 days on the market before going under contract, compared to 72 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 January 2026, PEORIA HEIGHTS, IL 61616 is currently a Balanced Market. Inventory has tightened compared to last year, with 10 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 83 days on market compared to 72 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 $5,380 compared to a typical 5% commission on the median listing price of $269,000. 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.