61605 Home Values & Market Trends

There are 10 homes currently listed for 61605. 61605 real estate market trends show that home prices range from $2,500 to $99,900, and the median sales price in the 61605 zip code is $30,850.72. The total number of properties sold within the past twelve months is 309. In 61605, 64 properties are in foreclosure, 4 are bank owned properties,and 4 are headed for auction.

61605 Real Estate Market Overview

CityMedian Est. Value
Peoria

$ 123,237

$ 72/sqft

Housing Market Summary for 61605

Apr 2023March 2024Change
Median Listing Price$33,000$27,340-17.15%
Median Sold Price$30,500$27,340-10.36%
Homes For Sale1714-17.65%
Homes Sold206188-8.74%
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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 61605

The median list price of a home in Peoria, is $30,850.72. A total of 10 properties are for sale, and the percentage of properties for sale in the zip code is 10.00%. The total count of 61605 properties is 5,197.

Foreclosure
There is 1 cities within 61605; 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 1.00% of properties in 61605 with peoria containing 258 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 1.08% of all residential properties in 61605 with peoria containing 216 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 61605; 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 61605 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 0.08% of properties in 61605. There is 1 cities within 61605; peoria containing 22 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    peoria has 20 auction properties, the highest number of properties going to auction in a single city in the state of 61605. Auction homes and other auction properties account for 0.08% of all properties in 61605. There is 1 cities within 61605; 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 0.19% of residential properties in 61605 with peoria containing 211 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 61605; 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 61605. peoria has 1372 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 4.23% of properties in 61605.

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      Guide for 61605

      Market Reports
      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      A home foreclosure
      Foreclosure
      Impact of Foreclosure on Neighborhood Property Values
      Home Buying Guides & Tips
      Is Buying a Foreclosed Home a Good Idea for First-Time Home Buyers?
      See More Articles
      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.

      A home foreclosure
      Impact of Foreclosure on Neighborhood Property Values
      Foreclosure|posted 30 April 2024

      What is the impact on nearby house values of a foreclosed home?

      Is Buying a Foreclosed Home a Good Idea for First-Time Home Buyers?
      Home Buying Guides & Tips|posted 26 April 2024

      Are you considering purchasing a foreclosure for your first home? Let’s look potential pitfalls, and essential tips to make an informed decision.