Peoria - IL housing market

The typical home value ($175,814) is the Zillow Home Value Index for the Peoria - IL metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 7.0% over the past year. In Peoria - IL, that means a home worth $164,312 last year is now worth roughly $175,814.

The median sale price, what homes actually close for, is $164,490. Homes are selling at 99.1% of list price, meaning buyers have room to negotiate.

Homes listed in Peoria - IL sit on the market for roughly 6 days before going pending. Shorter = seller's market; longer = buyer's market.

About 23.9% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 536 new listings hit the market each month in Peoria - IL. There are currently 1,101 homes for sale, up 7.2% from a year ago.

The typical monthly rent in Peoria - IL is $1,179, up 6.5% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 12.4x, buying territory (#188 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.66% 30-year rate, runs about $904 a month in principal and interest, $275 less than renting before taxes, insurance and upkeep. The two break even at a 9.46% rate.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt September 2026. Methodology →