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PERU, IL 61354

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The PERU, IL real estate market (61354) currently shows 17 active listings, with 5 pending sales. Homes are averaging 103 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 103 days on market compared to 84 days last year.

The median listing price has risen 19% year-over-year, from $157,700 to $187,725.

Whether you are buying or selling in PERU, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 10,422  ·  Density: 94.5/mi²  ·  Median household income: $64,034

Typical home value: $160,301  ·  Homeownership: 74.5%

Market Overview

Active Listings
17
vs 17 last year
Pending
5
29% pending ratio
Median Price
$187,725
⇧ 19% vs $157,700 last year
Average Price
$232,356
⇩ 24.1% vs $306,122 last year
Days on Market
103
⇧ 22.6% vs 84 days last year

Price Per Square Foot

Median $/sqft
$142
⇧ 18.3% vs $120/sqft last year
Median Home Size
1,388 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 103 now vs 84 last year

Median & Average Pricing

Year over Year
  • Median: $187,725 (+19% YoY)
  • Average: $232,356 (-24.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 16.8 miles — 152 listings ($49,036,642 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61354Peru, IL 613540.0 mi18$4,053,906$191,500$225,217
61329Ladd, IL 613294.6 mi3$838,500$279,500$279,500
61316Cedar Point, IL 613165.2 mi1$265,000$265,000$265,000
61348Oglesby, IL 613486.5 mi10$2,625,710$257,000$262,571
61359Seatonville, IL 613596.9 mi2$162,850$81,425$81,425
61373Utica, IL 613739.0 mi7$1,472,219$177,000$210,317
61370Tonica, IL 6137010.2 mi2$397,900$198,950$198,950
61337Malden, IL 6133711.7 mi1$99,500$99,500$99,500
61332Leonore, IL 6133212.8 mi1$149,900$149,900$149,900
61371Triumph, IL 6137113.2 mi1$245,000$245,000$245,000
61350Ottawa, IL 6135014.8 mi72$31,249,008$376,200$434,014
61356Princeton, IL 6135615.6 mi25$5,085,300$189,500$203,412
61560Putnam, IL 6156016.8 mi9$2,391,849$199,950$265,761

Frequently Asked Questions

How many homes are for sale in PERU, IL 61354?

As of February 2026, there are 17 active listings in PERU, IL (zip code 61354), compared to 17 the prior year.

What is the median home price in PERU, IL 61354?

The median listing price in PERU, IL 61354 is $187,725 as of February 2026, a 19% increase from $157,700 the prior year.

How long do homes stay on the market in PERU, IL?

Homes in PERU, IL 61354 spend an average of 103 days on the market before going under contract, compared to 84 days the prior year.

Is it a seller's or buyer's market in PERU, IL 61354?

Based on current inventory and days-on-market data as of February 2026, PERU, IL 61354 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 103 days on market compared to 84 days last year.

How much can I save on real estate commission in PERU, IL?

With SELL123.com's maximum 3% commission, sellers in PERU, IL 61354 save an estimated $3,755 compared to a typical 5% commission on the median listing price of $187,725. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.