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Featured local agent — Peru, IL
Sarah Mitchell
Compass Real Estate · Peru, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Peru, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$139,000median sale price
How is the Peru, IL housing market right now?
The median home sale price in Peru, IL is $139,000, down 4.1% year-over-year. Homes sell in an average of 52 days with 12 active listings. The market is currently a balanced 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 Peru a buyer's or seller's market?
Peru, IL is currently a balanced market, based on 2.4 months of supply and homes selling in about 52 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
52
Average pace
Active listings
12
2.4 months supply
Sale-to-list
96.8%
Below asking
What does the Peru housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $139,000 |
| Median list price | $159,900 |
| Year-over-year price change | -4.1% |
| Average days on market | 52 days |
| Active inventory | 12 listings |
| Months of supply | 2.4 months |
| Sale-to-list price ratio | 96.8% |
| Median price per sq ft | $142/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 9 |
| Listings with a price cut | 25.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Peru by property type?
How the Peru, 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 | $139,000 | $142/sq ft | 5 | 52 days |
| Condo / Co-op | $188,000 | $168/sq ft | 1 | 7 days |
Source: Redfin · Updated monthly
The Peru housing market is currently classified as a balanced market with a median sale price of $139,000. Prices have fallen 4.1% compared to last year, with homes spending an average of 52 days on market, indicating 2.4 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 2.7x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Peru
There are currently 12 homes listed for sale in Peru, Illinois. The median listing price is $160K.
Active listings
12
Homes on market
Median list price
$160K
Avg. days on market
52
Days until sale
New this week
9
Newly listed
Who lives in Peru?
Population
9,863
Median income
$68,147/yr
Median age
45.4 years
Owner-occupied
74.5%
College grads
21.3%
Avg commute
18.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Peru?
Zillow home value
$180,868
Price-to-income
2.7x
Source: Zillow Research
What is it like to live in Peru?
Peru is a community of approximately 10K residents with a median age of 45.4 years.The median household income is $68,147, which represents a working-class community with solid middle-income opportunities. 21.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 74.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 18.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Peru offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Peru?
7 schools tracked · 945 students
The largest public schools serving Peru, 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.
Northview Elem School
Grades PK-4 · 587 students
Parkside Middle School
Grades 5-8 · 358 students
La Salle-Peru Area Career Ctr
Grades 11-12
LMP ROE
Grades 6-12
Circuit Breaker School
Grade range n/a
LMP ROE ALOP
Grades 6-12
LMP ROE TAOEP
Grades 6-12
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 Peru, IL?
Want a head-to-head view? Compare Peru side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Peru?
The median home sale price in Peru is $139,000, down 4.1% from last year.
How long do homes stay on market in Peru?
Homes typically spend 52 days on market before going under contract.
What is the median income in Peru?
The median household income is $68,147 per year.
Is Peru a buyer's or seller's market?
With 2.4 months of supply, Peru is currently a balanced market.
What is the Zillow home value estimate for Peru?
The Zillow Home Value Index (ZHVI) for Peru is $180,868, representing the typical home value in the area.
What is the median condo price in Peru?
The median condo/co-op sale price in Peru, IL is $188,000, compared to $139,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Peru?
The median single-family home price in Peru, IL is $139,000 (about $142 per square foot).
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