Peoria, IL metro area Housing Market
Cool MarketComprehensive housing market data for the Peoria, IL metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$163K
↑ 8.9% YoY
Days on Market
40 days
↑ 2.6% YoY
Active Inventory
626
↓ 10.4% YoY
Homes Sold
292
↑ 0.3% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Peoria, IL metro area Market Summary
The Peoria, IL metro area housing market is cooling down. As of January 2026, the median home sale price is $163K, up 8.9% year-over-year. Homes are spending a median of 40 days on the market, 2.6% longer than a year ago.
There are 626 homes for sale — 10.4% fewer than last year. With 2.1 months of supply, this is a seller's market. 289 new listings were added during this period, down 17.2% year-over-year.
Homes are selling for 95.7% of their list price on average, suggesting room for negotiation. 20.9% of homes sell above their asking price. 37.2% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
75
Contributing Factors
How This Market Compares
vs. National Median
vs. Illinois Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 61% below the national median, which could indicate stronger cash flow potential.
Peoria, IL metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$160K
Price per Sq Ft
$99
Sale-to-List Ratio
95.7%
Months of Supply
2.1
Sold Above List
20.9%
Price Drops
37.2%
New Listings
289
↓ 17.2% YoY
Pending Sales
362
Off Market in 2 Weeks
32.9%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.