Pekin, IL Home Values & Market Trends
Real estate market trends reflect that there have been 742 transactions over the past year in Pekin. The median value for residential home transactions that occurred over the previous year is $142,170. The number of current listings in Pekin is 539, and the percentage of properties for sale in the city is 539.00%. Pekin, IL currently has 80 properties in foreclosure, 12 bank owned properties, 7 properties headed for auction, and 539 properties for sale.
Pekin, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 61554 | $ 142,910 $ 113/sqft |
Housing Market Summary for Pekin, IL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $137.4K | $119.2K | -13.21% |
| Median Sold Price | $131.8K | $145K | 10.06% |
| Homes For Sale | 341 | 526 | 54.25% |
| Homes Sold | 285 | 277 | -2.81% |
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 Pekin, IL
Browse Homes in Pekin, IL
Pekin home values range from $15,230 to $925,000. The median estimated value of a home in Pekin is $142,170. The median list price of a home is 114,990, and the total count of properties in the city is 975.
- Pre-ForeclosurePre-foreclosure homes account for 6.26% of all residential properties in Pekin, IL with 61554 containing 71 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Pekin, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $359,602 in 61554 to the lowest home value of $45,015 in 61554.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Pekin, IL ranges from the highest value of $211,188 in 61554 to the lowest value of $38,291 in 61554. Bank owned homes and properties account for 1.23% of properties in Pekin, IL. There is 1 zips within Pekin, IL; 61554 containing 13 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions61554 has 9 auction properties, the highest number of properties going to auction in a single zip in the state of Pekin, IL. Auction homes and other auction properties account for 0.72% of all properties in Pekin, IL. There is 1 zips within Pekin, IL; of that zips, the median estimated home value for homes going to auction ranges from $250,857 in 61554 to the lowest value of $70,335 in 61554.
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Guide for Pekin, IL
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
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