New Listing
$26,900
2702 NE Madison Ave
Peoria, IL 61603
2 bd1 ba1,154 sqft$23/ft²
House3,920 sqft lot
Adam Merrick · Adam Merrick Real Estate
View photos & details
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Compass Real Estate · Peoria, IL
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Peoria, IL Housing Market & Real Estate
Seller's market+5.3% YoY
Housing market overview · Updated monthly ·
$173,700median sale price
How is the Peoria, IL housing market right now?
The median home sale price in Peoria, IL is $173,700, up 5.3% year-over-year. Homes sell in an average of 15 days with 251 active listings. The market is currently a 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 Peoria a buyer's or seller's market?
Seller's market1.7 months of supply15 avg. days on market
Peoria, IL is currently a seller's market, based on 1.7 months of supply and homes selling in about 15 days. How we determine this →
Homes sold
151
Last 12 weeks
Days on market
15
Fast-moving
Active listings
251
1.7 months supply
Sale-to-list
99.8%
Below asking
What does the Peoria housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $173,700 |
| Median list price | $185,000 |
| Year-over-year price change | +5.3% |
| Average days on market | 15 days |
| Active inventory | 251 listings |
| Months of supply | 1.7 months |
| Sale-to-list price ratio | 99.8% |
| Median price per sq ft | $105/sq ft |
| Homes sold (latest month) | 151 |
| New listings (latest month) | 202 |
| Listings with a price cut | 27.9% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Peoria by property type?
How the Peoria, 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 | $180,000 | $105/sq ft | 128 | 13 days |
| Condo / Co-op | $150,000 | $114/sq ft | 19 | 11 days |
Source: Redfin · Updated monthly
The Peoria housing market is currently classified as a seller's market with a median sale price of $173,700. Prices have risen 5.3% compared to last year, with homes spending an average of 15 days on market, indicating 1.7 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 2.3x provides context for how home values compare to local earning capacity.
Homes for sale in Peoria
There are currently 251 homes listed for sale in Peoria, Illinois. The median listing price is $185K. Featured listings range from $26,900 to $274,900.
New Listing
$29,900
2514 NE Monroe St
Peoria, IL 61603
2 bd1 ba714 sqft$42/ft²
House6,098 sqft lot
Adam Merrick · Adam Merrick Real Estate
View photos & details
New Listing
$34,900
1501 NE Madison Ave
Peoria, IL 61603
3 bd2 ba1,576 sqft$22/ft²
House3,049 sqft lot
Adam Merrick · Adam Merrick Real Estate
View photos & details
New Listing
$35,000
3300 NE Madison Ave
Peoria, IL 61603
2 bd1 ba660 sqft$53/ft²
House3,920 sqft lot
Adam Merrick · Adam Merrick Real Estate
View photos & details
New Listing
$44,900
3223 N Wisconsin Ave
Peoria, IL 61603
4 bd2 ba1,447 sqft$31/ft²
House7,841 sqft lot
Adam Merrick · Adam Merrick Real Estate
View photos & details
New Listing
$49,900
3309 N Stanley St
Peoria, IL 61604
3 bd1 ba960 sqft$52/ft²
House6,534 sqft lot
Adam Merrick · Adam Merrick Real Estate
View photos & details
New Listing
16
$59,000
804 NE Monroe St
Peoria, IL 61603
4 bd1 ba1,446 sqft$41/ft²
House
Hannah Maloney · S & S Property Management
View photos & details
New Listing
27
$134,999
3510 N Elmcroft Ter
Peoria, IL 61604
3 bd1 ba1,092 sqft$124/ft²
House
Joshua Abraham · eXp Realty
View photos & details
New Listing
$155,000
3510 N Kingston Dr Apt 27
Peoria, IL 61604
2 bd3 ba2,168 sqft$71/ft²
House1,742 sqft lot
Mya Porter · eXp Realty
View photos & details
New Listing
2
$229,900
4800 W Middle Rd
Peoria, IL 61605
4 bd2 ba2,444 sqft$94/ft²
House30,056 sqft lot
Sandy Salvati · eXp Realty
View photos & details
New Listing
47
$244,900
5006 N Edgebrook Dr
Peoria, IL 61614
4 bd2 ba2,116 sqft$116/ft²
House8,276 sqft lot
Adam Merrick · Adam Merrick Real Estate
View photos & details
New Listing
46
$274,900
8109 S McCumber Rd
Peoria, IL 61607
3 bd1 ba1,938 sqft$142/ft²
House1.89 acres
Ryan Tucker · Keller Williams Revolution
View photos & details
Looking to buy in Peoria?
Get connected with a local real estate expert — free, no obligation.
Active listings
251
Homes on market
Median list price
$185K
Avg. days on market
15
Days until sale
New this week
202
Newly listed
Price drops:27.9%of listings
Sale-to-list:99.8%
Who lives in Peoria?
Population
112,126
Median income
$58,716/yr
Median age
35.8 years
Owner-occupied
58.2%
College grads
38.0%
Avg commute
17.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Peoria?
Zillow home value
$137,410
Zillow rent index
$1,236/mo
Price-to-rent ratio
9.3x
Price-to-income
2.3x
Source: Zillow Research
What is it like to live in Peoria?
Peoria is a community of approximately 112K residents with a median age of 35.8 years.The median household income is $58,716, which represents a working-class community with solid middle-income opportunities. 38.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 58.2%, showing a blend of owner and renter-occupied properties. The average commute time is 17.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Peoria offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Peoria?
47 schools tracked · 15,403 students
The largest public schools serving Peoria, 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.
Richwoods High School
Grades 9-12 · 1,576 students
Peoria High School
Grades 9-12 · 1,483 students
Limestone Community High School
Grades 9-12 · 921 students
Lincoln School
Grades K-8 · 757 students
Manual High School
Grades 9-12 · 713 students
Glen Oak Comm Learning Cntr
Grades K-8 · 637 students
The Elise Ford Allen Academy
Grades K-8 · 624 students
Annie Jo Gordon Comm Lrning Cntr
Grades K-8 · 592 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 Peoria, IL?
Want a head-to-head view? Compare Peoria side-by-side with any other U.S. city using our market-comparison tool.
Which ZIP codes are in Peoria?
Is Peoria a good real estate investment market?
For investors evaluating Peoria, the price-to-rent ratio of 9.3x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 5.3% 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 Peoria's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Peoria's median home price.
Frequently asked questions
What is the average home price in Peoria?
The median home sale price in Peoria is $173,700, up 5.3% from last year.
How long do homes stay on market in Peoria?
Homes typically spend 15 days on market before going under contract.
What is the median income in Peoria?
The median household income is $58,716 per year.
Is Peoria a buyer's or seller's market?
With 1.7 months of supply, Peoria is currently a seller's market.
How many homes are for sale in Peoria?
There are currently 251 homes listed for sale in Peoria, IL.
What is the Zillow home value estimate for Peoria?
The Zillow Home Value Index (ZHVI) for Peoria is $137,410, representing the typical home value in the area.
What is the median condo price in Peoria?
The median condo/co-op sale price in Peoria, IL is $150,000, compared to $180,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Peoria?
The median single-family home price in Peoria, IL is $180,000 (about $105 per square foot).
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