61616 Home Values & Market Trends

There are 10 homes currently listed for 61616. 61616 real estate market trends show that home prices range from $31,350 to $164,900, and the median sales price in the 61616 zip code is $95,905. The total number of properties sold within the past twelve months is 160. In 61616, 18 properties are in foreclosure, 6 are bank owned properties,and 2 are headed for auction.

Housing Market Summary for 61616

Apr 2023March 2024Change
Median Listing Price$154.9K$112.7K-27.26%
Median Sold Price$82,021$112.7K37.37%
Homes For Sale71157.14%
Homes Sold738820.55%
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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 61616

The median list price of a home in Peoria Heights, is $95,905. 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 61616 properties is 2,421.

Foreclosure
There is 1 cities within 61616; within this cities, the median estimated home value for homes in foreclosure ranges from $1,983,452 in peoria heights to the lowest value of $31,870 in peoria heights. Foreclosure homes account for 0.00% of properties in 61616 with peoria heights containing 18 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.41% of all residential properties in 61616 with peoria heights containing 10 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 61616; of that cities, the estimated home value for pre-foreclosure homes ranges from $1,983,452 in peoria heights to the lowest home value of $31,870 in peoria heights.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in 61616 ranges from the highest value of $170,500 in peoria heights to the lowest value of $61,779 in peoria heights. Bank owned homes and properties account for 0.25% of properties in 61616. There is 1 cities within 61616; peoria heights containing 6 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    peoria heights has 2 auction properties, the highest number of properties going to auction in a single city in the state of 61616. Auction homes and other auction properties account for 0.08% of all properties in 61616. There is 1 cities within 61616; of that cities, the median estimated home value for homes going to auction ranges from $198,500 in peoria heights to the lowest value of $91,947 in peoria heights.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.41% of residential properties in 61616 with peoria heights containing 9 homes for sale, the highest number of listed properties in a single city. There is 1 cities within 61616; homes for sale in that cities, have a range of median values from $173,187 in peoria heights to the lowest value of $61,624 in peoria heights.
    Sold Homes
    The median value for recently sold homes ranges from $1,014,264 in peoria heights to the lowest price of $32,848 in peoria heights. There is 1 cities within 61616. peoria heights has 88 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 3.63% of properties in 61616.

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      Guide for 61616

      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
      Home Buying Guides & Tips
      How To Stop a Foreclosure via a Short Sale
      Financing Guides
      How To Protect Your Credit Score After Foreclosure
      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.

      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.

      How To Protect Your Credit Score After Foreclosure
      Financing Guides|posted 24 April 2024

      Learn effective strategies to safeguard your credit score after experiencing a foreclosure.