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Downtown Goose Lake High Wine Lincoln Park Logan Park West Martin-Warren Southside Olde Towne South Spring Grove Warehouse District

PEORIA, IL 61605

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

Neighborhoods in ZIP 61605

Downtown · Goose Lake · High Wine · Lincoln Park · Logan Park West · Martin-Warren Southside · Olde Towne South · Spring Grove · Warehouse District

Market Analysis

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

The PEORIA, IL real estate market (61605) currently shows 38 active listings, with 5 pending sales. Homes are averaging 51 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 51 days on market compared to 47 days last year.

The median listing price has fallen 11.3% year-over-year, from $45,000 to $39,900.

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: 13,776  ·  Density: 1,214.9/mi²  ·  Median household income: $23,155

Typical home value: $47,917  ·  Homeownership: 38.7%

Market Overview

Active Listings
38
⇧ 8.6% vs 35 last year
Pending
5
13% pending ratio
Median Price
$39,900
⇩ 11.3% vs $45,000 last year
Average Price
$44,962
⇩ 4.3% vs $46,965 last year
Days on Market
51
⇧ 8.5% vs 47 days last year

Price Per Square Foot

Median $/sqft
$38
⇩ 17.4% vs $46/sqft last year
Median Home Size
1,024 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 38 this year vs 35 last year
  • Days on market: 51 now vs 47 last year

Median & Average Pricing

Year over Year
  • Median: $39,900 (-11.3% YoY)
  • Average: $44,962 (-4.3% 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 14.7 miles — 162 listings ($35,548,107 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61605Peoria, IL 616050.0 mi33$1,298,715$37,450$39,355
61606Peoria, IL 616062.0 mi21$2,803,836$129,900$133,516
61610Creve Coeur, IL 616102.9 mi11$1,737,263$172,450$157,933
61607Peoria, IL 616074.3 mi23$4,215,440$192,450$183,280
61616Peoria Heights, IL 616165.8 mi14$5,599,538$269,000$399,967
61547Mapleton, IL 615477.2 mi4$1,390,000$347,500$347,500
61536Hanna City, IL 615368.1 mi8$1,281,832$140,000$160,229
61535Groveland, IL 615358.5 mi2$235,000$117,500$117,500
61550Morton, IL 6155011.1 mi26$10,358,868$269,900$398,418
61539Kingston Mines, IL 6153911.3 mi1$107,000$107,000$107,000
61564South Pekin, IL 6156412.4 mi3$182,850$60,950$60,950
61569Trivoli, IL 6156913.6 mi1$229,900$229,900$229,900
61548Metamora, IL 6154814.7 mi15$6,107,865$360,000$407,191

Frequently Asked Questions

How many homes are for sale in PEORIA, IL 61605?

As of February 2026, there are 38 active listings in PEORIA, IL (zip code 61605), compared to 35 the prior year.

What is the median home price in PEORIA, IL 61605?

The median listing price in PEORIA, IL 61605 is $39,900 as of February 2026, a 11.3% decrease from $45,000 the prior year.

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

Homes in PEORIA, IL 61605 spend an average of 51 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 PEORIA, IL 61605?

Based on current inventory and days-on-market data as of February 2026, PEORIA, IL 61605 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 51 days on market compared to 47 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 61605 save an estimated $798 compared to a typical 5% commission on the median listing price of $39,900. 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.