61603 Home Values & Market Trends

There are 34 homes currently listed for 61603. 61603 real estate market trends show that home prices range from $1 to $279,900, and the median sales price in the 61603 zip code is $48,582.06. The total number of properties sold within the past twelve months is 467. In 61603, 50 properties are in foreclosure, 3 are bank owned properties,and 4 are headed for auction.

61603 Real Estate Market Overview

CityMedian Est. Value
Peoria

$ 123,734

$ 72/sqft

Housing Market Summary for 61603

Apr 2023March 2024Change
Median Listing Price$49,000$46,505-5.09%
Median Sold Price$46,920$46,505-0.88%
Homes For Sale334330.30%
Homes Sold296235-20.61%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in 61603

The median list price of a home in Peoria, is $48,582.06. A total of 34 properties are for sale, and the percentage of properties for sale in the zip code is 34.00%. The total count of 61603 properties is 5,898.

Foreclosure
There is 1 cities within 61603; within this cities, the median estimated home value for homes in foreclosure ranges from $663,419 in peoria to the lowest value of $18,850 in peoria. Foreclosure homes account for 0.00% of properties in 61603 with peoria containing 260 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.73% of all residential properties in 61603 with peoria containing 215 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 61603; of that cities, the estimated home value for pre-foreclosure homes ranges from $663,419 in peoria to the lowest home value of $18,850 in peoria.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 61603 ranges from the highest value of $269,803 in peoria to the lowest value of $28,750 in peoria. Bank owned homes and properties account for 0.05% of properties in 61603. There is 1 cities within 61603; peoria containing 23 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    peoria has 22 auction properties, the highest number of properties going to auction in a single city in the state of 61603. Auction homes and other auction properties account for 0.07% of all properties in 61603. There is 1 cities within 61603; of that cities, the median estimated home value for homes going to auction ranges from $194,948 in peoria to the lowest value of $30,872 in peoria.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.58% of residential properties in 61603 with peoria containing 204 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 61603; homes for sale in that cities, have a range of median values from $1,402,582 in peoria to the lowest value of $19,438 in peoria.
    Sold Homes
    The median value for recently sold homes ranges from $1,657,711 in peoria to the lowest price of $17,355 in peoria. There is 1 cities within 61603. peoria has 1386 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 4.51% of properties in 61603.

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      Guide for 61603

      Market Reports
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      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Home Buying Guides & Tips
      How To Stop a Foreclosure via a Short Sale
      Pennsylvania
      Las Vegas Market Report – April 2024
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      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports|posted 22 April 2024

      Market report for Springfield, Illinois, with a snapshot of property values, sales activity, price fluctuations, and comparisons with neighboring cities.

      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports|posted 14 February 2024

      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      How To Stop a Foreclosure via a Short Sale
      Home Buying Guides & Tips|posted 26 April 2024

      Learn how a short sale can stop the foreclosure process.

      Las Vegas Market Report – April 2024
      Pennsylvania|posted 25 April 2024

      A comprehensive look at the current real estate trends in Las Vegas and surrounding areas, highlighting the fluctuation in property prices, inventory and sales.