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PEORIA, IL 61615

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

Neighborhoods in ZIP 61615

Ancient Oaks · Briardale · Chadwick Place · Charter Oak Village · Crab Orchard · Deerbrook · Joeanne Manor · Lexington Ridge · Lynnhurst · Oakbrook · Village Grande · Vinton Highlands · Williamsburg · Yorkshire Village

Market Analysis

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

The PEORIA, IL real estate market (61615) currently shows 60 active listings, with 25 pending sales. Homes are averaging 84 days on the market before going under contract.

Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 84 days on market compared to 53 days last year.

The median listing price has risen 41.1% year-over-year, from $182,225 to $257,175.

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: 23,167  ·  Density: 302.0/mi²  ·  Median household income: $81,890

Typical home value: $203,057  ·  Homeownership: 62.3%

Market Overview

Active Listings
60
⇧ 15.4% vs 52 last year
Pending
25
42% pending ratio
Median Price
$257,175
⇧ 41.1% vs $182,225 last year
Average Price
$293,113
⇧ 11.4% vs $263,074 last year
Days on Market
84
⇧ 58.5% vs 53 days last year

Price Per Square Foot

Median $/sqft
$124
⇧ 13.8% vs $109/sqft last year
Median Home Size
2,087 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 60 this year vs 52 last year
  • Days on market: 84 now vs 53 last year

Median & Average Pricing

Year over Year
  • Median: $257,175 (+41.1% YoY)
  • Average: $293,113 (+11.4% 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 15.8 miles — 347 listings ($84,803,401 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61615Peoria, IL 616150.0 mi60$16,276,860$216,500$271,281
61616Peoria Heights, IL 616163.9 mi14$5,599,538$269,000$399,967
61525Dunlap, IL 615255.1 mi20$9,570,000$495,000$478,500
61603Peoria, IL 616035.6 mi57$4,862,670$64,000$85,310
61611East Peoria, IL 616116.9 mi45$9,720,450$165,000$216,010
61605Peoria, IL 616057.2 mi33$1,298,715$37,450$39,355
61526Edelstein, IL 6152610.2 mi2$1,203,900$601,950$601,950
61523Chillicothe, IL 6152310.7 mi31$6,020,665$159,450$194,215
61548Metamora, IL 6154811.6 mi15$6,107,865$360,000$407,191
61571Washington, IL 6157112.1 mi38$11,983,870$219,900$315,365
61547Mapleton, IL 6154713.1 mi4$1,390,000$347,500$347,500
61550Morton, IL 6155015.4 mi26$10,358,868$269,900$398,418
61545Lowpoint, IL 6154515.8 mi2$410,000$205,000$205,000

Frequently Asked Questions

How many homes are for sale in PEORIA, IL 61615?

As of February 2026, there are 60 active listings in PEORIA, IL (zip code 61615), compared to 52 the prior year.

What is the median home price in PEORIA, IL 61615?

The median listing price in PEORIA, IL 61615 is $257,175 as of February 2026, a 41.1% increase from $182,225 the prior year.

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

Homes in PEORIA, IL 61615 spend an average of 84 days on the market before going under contract, compared to 53 days the prior year.

Is it a seller's or buyer's market in PEORIA, IL 61615?

Based on current inventory and days-on-market data as of February 2026, PEORIA, IL 61615 is currently a Buyer's Market. Inventory has increased compared to last year, with 8 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 84 days on market compared to 53 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 61615 save an estimated $5,144 compared to a typical 5% commission on the median listing price of $257,175. 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.