Tracey Velt's Market Report

Peoria, IL

Single-Family Homes

HW Wire | Editorial Director | tracey@hwmedia.com | 407-716-0498



Peoria, IL

Sun Apr 14 2024
This week the median list price for Peoria, IL is $110,000 with the market action index hovering around 49. This is an increase over last month's market action index of 47. Inventory has decreased to 152. Click here to stay informed with the Peoria market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Peoria, IL

Sun Apr 14 2024
This week the median list price for Peoria, IL is $110,000 with the market action index hovering around 49. This is an increase over last month's market action index of 47. Inventory has decreased to 152. Click here to stay informed with the Peoria market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Peoria market.
Median List Price $110,000
Median Price of New Listings $125,000
Per Square Foot $80
Average Days on Market 78
Median Days on Market 28
Price Decreased 30%
Price Increased 0%
Relisted 5%
Inventory 152
Median Rent
Market Action 49
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$430,400 3,606 0.25 - 0.5 acre 4 3.5 33 5 7 45
$135,000 1,450 6,500 - 8,000 sqft 3 1 81 13 13 14
$72,450 1,144 4,500 - 6,500 sqft 3 1 94 3 7 28
$39,200 1,025 4,500 - 6,500 sqft 3 1 99 4 7 35