Brokers — List your Company Here
Featured local agent — Pekin, IL
Sarah Mitchell
Compass Real Estate · Pekin, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Pekin, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$153,500median sale price
How is the Pekin, IL housing market right now?
The median home sale price in Pekin, IL is $153,500, up 24.8% year-over-year. Homes sell in an average of 5 days with 49 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Pekin a buyer's or seller's market?
Pekin, IL is currently a strong seller's market, based on 1.3 months of supply and homes selling in about 5 days. How we determine this →
Homes sold
38
Last 12 weeks
Days on market
5
Fast-moving
Active listings
49
1.3 months supply
Sale-to-list
102.3%
Above asking
What does the Pekin housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $153,500 |
| Median list price | $153,450 |
| Year-over-year price change | +24.8% |
| Average days on market | 5 days |
| Active inventory | 49 listings |
| Months of supply | 1.3 months |
| Sale-to-list price ratio | 102.3% |
| Median price per sq ft | $99/sq ft |
| Homes sold (latest month) | 38 |
| New listings (latest month) | 60 |
| Listings with a price cut | 32.6% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Pekin by property type?
How the Pekin, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $156,000 | $102/sq ft | 35 | 6 days |
| Condo / Co-op | $120,000 | $71/sq ft | 1 | 5 days |
| Townhouse | $95,000 | $71/sq ft | 1 | — |
Source: Redfin · Updated monthly
The Pekin housing market is currently classified as a strong seller's market with a median sale price of $153,500. Prices have risen 24.8% compared to last year, with homes spending an average of 5 days on market, indicating 1.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.5x provides context for how home values compare to local earning capacity.
Homes for sale in Pekin
There are currently 49 homes listed for sale in Pekin, Illinois. The median listing price is $153K.
Active listings
49
Homes on market
Median list price
$153K
Avg. days on market
5
Days until sale
New this week
60
Newly listed
Who lives in Pekin?
Population
31,812
Median income
$58,355/yr
Median age
41.3 years
Owner-occupied
66.8%
College grads
18.9%
Avg commute
21.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Pekin?
Zillow home value
$145,774
Zillow rent index
$843/mo
Price-to-rent ratio
14.4x
Price-to-income
2.5x
Source: Zillow Research
What is it like to live in Pekin?
Pekin is a community of approximately 32K residents with a median age of 41.3 years.The median household income is $58,355, which represents a working-class community with solid middle-income opportunities. 18.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 66.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 21.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Pekin offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Pekin?
15 schools tracked · 5,112 students
The largest public schools serving Pekin, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Pekin Community High School
Grades 9-12 · 1,737 students
Wilson Intermediate School
Grades 4-6 · 585 students
Washington Intermediate School
Grades 4-6 · 408 students
Broadmoor Junior High School
Grades 7-8 · 377 students
Edison Junior High School
Grades 7-8 · 311 students
Jefferson Elem School
Grades K-3 · 304 students
C B Smith Elem School
Grades K-3 · 282 students
Pekin Preschool Family Ed Center
Grades PK · 214 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Pekin, IL?
Want a head-to-head view? Compare Pekin side-by-side with any other U.S. city using our market-comparison tool.
Is Pekin a good real estate investment market?
For investors evaluating Pekin, the price-to-rent ratio of 14.4x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 24.8% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Pekin's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Pekin's median home price.
Frequently asked questions
What is the average home price in Pekin?
The median home sale price in Pekin is $153,500, up 24.8% from last year.
How long do homes stay on market in Pekin?
Homes typically spend 5 days on market before going under contract.
What is the median income in Pekin?
The median household income is $58,355 per year.
Is Pekin a buyer's or seller's market?
With 1.3 months of supply, Pekin is currently a strong seller's market.
What is the Zillow home value estimate for Pekin?
The Zillow Home Value Index (ZHVI) for Pekin is $145,774, representing the typical home value in the area.
What is the median condo price in Pekin?
The median condo/co-op sale price in Pekin, IL is $120,000, compared to $156,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Pekin?
The median single-family home price in Pekin, IL is $156,000 (about $102 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Pekin, IL
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Pekin market alerts
Weekly updates on prices, inventory, and trends. Free forever.