Peoria, IL Home Values & Market Trends
Real estate market trends reflect that there have been 2,690 transactions over the past year in Peoria. The median value for residential home transactions that occurred over the previous year is $114,370.03. The number of current listings in Peoria is 204, and the percentage of properties for sale in the city is 204.00%. Peoria, IL currently has 260 properties in foreclosure, 23 bank owned properties, 22 properties headed for auction, and 204 properties for sale.
Peoria, IL Real Estate Market Overview
Housing Market Summary for Peoria, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $123.9K | $94,956 | -23.36% |
| Median Sold Price | $95,365.147 | $94,956 | -0.43% |
| Homes For Sale | 176 | 199 | 13.07% |
| Homes Sold | 1,495 | 1,303 | -12.84% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Peoria, IL
Browse Homes in Peoria, IL
Peoria home values range from $12,506 to $9,712,996. The median estimated value of a home in Peoria is $114,370.03. The median list price of a home is 139,900, and the total count of properties in the city is 41,087.
- Pre-ForeclosurePre-foreclosure homes account for 0.52% of all residential properties in Peoria, IL with 61604 containing 65 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 13 zips within Peoria, IL; of those zips, the estimated home value for pre-foreclosure homes ranges from $272,750 in 61614 to the lowest home value of $18,850 in 61605.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Peoria, IL ranges from the highest value of $186,358 in 61614 to the lowest value of $28,750 in 61605. Bank owned homes and properties account for 0.06% of properties in Peoria, IL. There are 13 zips within Peoria, IL; 61604 containing 11 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions61604 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Peoria, IL. Auction homes and other auction properties account for 0.05% of all properties in Peoria, IL. There are 13 zips within Peoria, IL; of those zips, the median estimated home value for homes going to auction ranges from $109,252 in 61614 to the lowest value of $30,872 in 61614.
Compare Nearby Cities
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Guide for Peoria, IL
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