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Averyville Detweiller Marina East Bluff NHS East Bluff Serenity East Bluff United Gift Area Glen Oak Historic Glen Oak Park Near Northside Olde Towne North Prospect Road

PEORIA, IL 61603

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

Neighborhoods in ZIP 61603

Averyville · Detweiller Marina · East Bluff NHS · East Bluff Serenity · East Bluff United · Gift Area · Glen Oak Historic · Glen Oak Park · Near Northside · Olde Towne North · Prospect Road

Market Analysis

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

The PEORIA, IL real estate market (61603) currently shows 48 active listings, with 15 pending sales. Homes are averaging 80 days on the market before going under contract.

Inventory has tightened compared to last year, with 14 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 80 days on market compared to 63 days last year.

The median listing price has fallen 0% year-over-year, from $62,000 to $61,975.

Whether you are buying or selling in PEORIA, 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: 15,789  ·  Density: 1,443.0/mi²  ·  Median household income: $41,069

Typical home value: $72,718  ·  Homeownership: 47.8%

Market Overview

Active Listings
48
⇩ 22.6% vs 62 last year
Pending
15
31% pending ratio
Median Price
$61,975
vs $62,000 last year
Average Price
$86,686
⇧ 22.5% vs $70,774 last year
Days on Market
80
⇧ 27% vs 63 days last year

Price Per Square Foot

Median $/sqft
$50
⇩ 2% vs $51/sqft last year
Median Home Size
1,354 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 48 this year vs 62 last year
  • Days on market: 80 now vs 63 last year

Median & Average Pricing

Year over Year
  • Median: $61,975 (+-0% YoY)
  • Average: $86,686 (+22.5% 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 15.4 miles — 273 listings ($54,185,427 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61603Peoria, IL 616030.0 mi57$4,862,670$64,000$85,310
61606Peoria, IL 616062.1 mi21$2,803,836$129,900$133,516
61602Peoria, IL 616022.7 mi23$5,049,443$212,450$219,541
61605Peoria, IL 616053.9 mi33$1,298,715$37,450$39,355
61610Creve Coeur, IL 616105.0 mi11$1,737,263$172,450$157,933
61571Washington, IL 615718.0 mi38$11,983,870$219,900$315,365
61528Edwards, IL 615288.9 mi6$2,390,550$449,900$398,425
61550Morton, IL 615509.9 mi26$10,358,868$269,900$398,418
61548Metamora, IL 6154810.8 mi15$6,107,865$360,000$407,191
61536Hanna City, IL 6153611.2 mi8$1,281,832$140,000$160,229
61523Chillicothe, IL 6152314.3 mi31$6,020,665$159,450$194,215
61539Kingston Mines, IL 6153915.2 mi1$107,000$107,000$107,000
61564South Pekin, IL 6156415.4 mi3$182,850$60,950$60,950

Frequently Asked Questions

How many homes are for sale in PEORIA, IL 61603?

As of February 2026, there are 48 active listings in PEORIA, IL (zip code 61603), compared to 62 the prior year.

What is the median home price in PEORIA, IL 61603?

The median listing price in PEORIA, IL 61603 is $61,975 as of February 2026, a 0% increase from $62,000 the prior year.

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

Homes in PEORIA, IL 61603 spend an average of 80 days on the market before going under contract, compared to 63 days the prior year.

Is it a seller's or buyer's market in PEORIA, IL 61603?

Based on current inventory and days-on-market data as of February 2026, PEORIA, IL 61603 is currently a Balanced Market. Inventory has tightened compared to last year, with 14 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 80 days on market compared to 63 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PEORIA, IL 61603 save an estimated $1,240 compared to a typical 5% commission on the median listing price of $61,975. 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.