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PEKIN, IL 61554

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The PEKIN, IL real estate market (61554) currently shows 103 active listings, with 56 pending sales. Homes are averaging 56 days on the market before going under contract.

Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 56 days on market compared to 47 days last year.

The median listing price has risen 13.1% year-over-year, from $128,675 to $145,550.

Whether you are buying or selling in PEKIN, 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: 40,775  ·  Density: 213.3/mi²  ·  Median household income: $58,813

Typical home value: $120,358  ·  Homeownership: 70.4%

Market Overview

Active Listings
103
⇧ 13.2% vs 91 last year
Pending
56
54% pending ratio
Median Price
$145,550
⇧ 13.1% vs $128,675 last year
Average Price
$210,651
⇧ 19.3% vs $176,616 last year
Days on Market
56
⇧ 19.1% vs 47 days last year

Price Per Square Foot

Median $/sqft
$102
⇧ 3% vs $99/sqft last year
Median Home Size
1,643 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 103 this year vs 91 last year
  • Days on market: 56 now vs 47 last year

Median & Average Pricing

Year over Year
  • Median: $145,550 (+13.1% YoY)
  • Average: $210,651 (+19.3% 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 15.2 miles — 397 listings ($71,159,045 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61554Pekin, IL 615540.0 mi113$20,078,631$129,900$177,687
61535Groveland, IL 615355.9 mi2$235,000$117,500$117,500
61610Creve Coeur, IL 616106.9 mi11$1,737,263$172,450$157,933
61568Tremont, IL 615688.0 mi7$1,545,369$222,500$220,767
61605Peoria, IL 616059.1 mi33$1,298,715$37,450$39,355
61602Peoria, IL 616029.4 mi23$5,049,443$212,450$219,541
61606Peoria, IL 6160610.8 mi21$2,803,836$129,900$133,516
61546Manito, IL 6154611.4 mi10$1,624,500$135,000$162,450
61603Peoria, IL 6160311.9 mi57$4,862,670$64,000$85,310
61734Delavan, IL 6173412.8 mi6$1,655,400$297,500$275,900
61536Hanna City, IL 6153613.3 mi8$1,281,832$140,000$160,229
61614Peoria, IL 6161414.8 mi68$17,002,516$214,945$250,037
61571Washington, IL 6157115.2 mi38$11,983,870$219,900$315,365

Frequently Asked Questions

How many homes are for sale in PEKIN, IL 61554?

As of February 2026, there are 103 active listings in PEKIN, IL (zip code 61554), compared to 91 the prior year.

What is the median home price in PEKIN, IL 61554?

The median listing price in PEKIN, IL 61554 is $145,550 as of February 2026, a 13.1% increase from $128,675 the prior year.

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

Homes in PEKIN, IL 61554 spend an average of 56 days on the market before going under contract, compared to 47 days the prior year.

Is it a seller's or buyer's market in PEKIN, IL 61554?

Based on current inventory and days-on-market data as of February 2026, PEKIN, IL 61554 is currently a Buyer's Market. Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 56 days on market compared to 47 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PEKIN, IL 61554 save an estimated $2,911 compared to a typical 5% commission on the median listing price of $145,550. 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.