Peoria - IL housing market
The Peoria metro has a typical home value of $175,503, up 7.4% from a year ago. Homes are moving fast at 5 days on market, a strong seller's market. 22% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($175,503) 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 7.4% over the past year. In Peoria - IL, that means a home worth $163,411 last year is now worth roughly $175,503.
The median sale price , what homes actually close for , is $161,324. Homes are selling at 98.5% of list price, meaning buyers have room to negotiate.
Homes listed in Peoria - IL sit on the market for roughly 5 days before going pending. Shorter = seller's market; longer = buyer's market.
About 22.1% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 527 new listings hit the market each month in Peoria - IL. There are currently 1,047 homes for sale, up 5.7% from a year ago.
The typical monthly rent in Peoria - IL is $1,182, up 4.7% year over year. For investors, the price-to-rent ratio here is roughly 12x annual rent.
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.
Other metros in IL
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Chicago - IL | $359,888 | +4.5% | 9.0d |
| Davenport - IA | $197,783 | +5.2% | 8.0d |
| Rockford - IL | $224,410 | +9.0% | 6.0d |