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Featured local agent — Petersburg, IL
Sarah Mitchell
Compass Real Estate · Petersburg, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Petersburg, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$155,000median sale price
How is the Petersburg, IL housing market right now?
The median home sale price in Petersburg, IL is $155,000, up 21.1% year-over-year. Homes sell in an average of 16 days with 2 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 Petersburg a buyer's or seller's market?
Petersburg, IL is currently a seller's market, based on 0.2 months of supply and homes selling in about 16 days. How we determine this →
Homes sold
10
Last 12 weeks
Days on market
16
Fast-moving
Active listings
2
0.2 months supply
Sale-to-list
99.4%
Below asking
What does the Petersburg housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $155,000 |
| Year-over-year price change | +21.1% |
| Average days on market | 16 days |
| Active inventory | 2 listings |
| Months of supply | 0.2 months |
| Sale-to-list price ratio | 99.4% |
| Median price per sq ft | $104/sq ft |
| Homes sold (latest month) | 10 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Petersburg by property type?
How the Petersburg, 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 | $155,000 | $104/sq ft | 10 | 16 days |
Source: Redfin · Updated monthly
The Petersburg housing market is currently classified as a seller's market with a median sale price of $155,000. Prices have risen 21.1% compared to last year, with homes spending an average of 16 days on market, indicating 0.2 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 3.6x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Petersburg
There are currently 2 homes listed for sale in Petersburg, Illinois.
Active listings
2
Homes on market
Avg. days on market
16
Days until sale
Who lives in Petersburg?
Population
2,590
Median income
$59,850/yr
Median age
38.8 years
Owner-occupied
57.2%
College grads
29.6%
Avg commute
22.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Petersburg?
Zillow home value
$215,266
Price-to-income
3.6x
Source: Zillow Research
What is it like to live in Petersburg?
Petersburg is a community of approximately 3K residents with a median age of 38.8 years.The median household income is $59,850, which represents a working-class community with solid middle-income opportunities. 29.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 57.2%, showing a blend of owner and renter-occupied properties. The average commute time is 22.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Petersburg offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Petersburg?
3 schools tracked · 1,048 students
The largest public schools serving Petersburg, 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.
Porta High School
Grades 7-12 · 430 students
Petersburg Elem School
Grades PK-2 · 343 students
Porta Central
Grades 3-6 · 275 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 Petersburg, IL?
Want a head-to-head view? Compare Petersburg side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Petersburg?
The median home sale price in Petersburg is $155,000, up 21.1% from last year.
How long do homes stay on market in Petersburg?
Homes typically spend 16 days on market before going under contract.
What is the median income in Petersburg?
The median household income is $59,850 per year.
Is Petersburg a buyer's or seller's market?
With 0.2 months of supply, Petersburg is currently a seller's market.
What is the Zillow home value estimate for Petersburg?
The Zillow Home Value Index (ZHVI) for Petersburg is $215,266, representing the typical home value in the area.
How much does a single-family home cost in Petersburg?
The median single-family home price in Petersburg, IL is $155,000 (about $104 per square foot).
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