Peoria, IL Home Values & Market Trends
Real estate market trends reflect that there have been 2,430 transactions over the past year in Peoria. The median value for residential home transactions that occurred over the previous year is $145,329. The number of current listings in Peoria is 1,948, and the percentage of properties for sale in the city is 1948.00%. Peoria, IL currently has 164 properties in foreclosure, 9 bank owned properties, 21 properties headed for auction, and 1,948 properties for sale.
Peoria, IL Real Estate Market Overview
Housing Market Summary for Peoria, IL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $127.8K | $125.8K | -1.57% |
| Median Sold Price | $124.5K | $135.1K | 8.49% |
| Homes For Sale | 1,108 | 1,875 | 69.22% |
| Homes Sold | 1,202 | 789 | -34.36% |
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 $11,146 to $1,068,099. The median estimated value of a home in Peoria is $145,329. The median list price of a home is 135,000, and the total count of properties in the city is 3,050.
- Pre-ForeclosurePre-foreclosure homes account for 4.39% of all residential properties in Peoria, IL with 61604 containing 61 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 $285,646 in 61606 to the lowest home value of $21,844 in 61605.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Peoria, IL ranges from the highest value of $140,339 in 61615 to the lowest value of $31,770 in 61603. Bank owned homes and properties account for 0.30% of properties in Peoria, IL. There are 13 zips within Peoria, IL; 61604 containing 4 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions61604 has 12 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 0.69% 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 $196,568 in 61615 to the lowest value of $48,470 in 61615.
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More Real Estate Resources for Peoria, IL
Guide for Peoria, 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.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
