Tracey Velt's Market Report
Peoria, IL
Single-Family Homes
HW Wire | Editorial Director | tracey@hwmedia.com | 407-716-0498
Peoria, IL
Sun Jul 06 2025
This week the median list price for Peoria, IL is $112,450 with the market action index hovering around 54. This is less than last month's market action index of 56. Inventory has held steady at or around 174.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $112,450 | |
| Median Price of New Listings | $144,000 | |
| Per Square Foot | $85 | |
| Average Days on Market | 64 | |
| Median Days on Market | 28 | |
| Price Decreased | 31% | |
| Price Increased | 1% | |
| Relisted | 5% | |
| Inventory | 174 | |
| Median Rent | ||
| Market Action | 54 | |
| Strong Seller's Market | ||
Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $389,450 | 3,337 | 6,500 - 8,000 sqft | 4 | 3.3 | 33 | 7 | 8 | 35 |
| $163,000 | 1,736 | 6,500 - 8,000 sqft | 3 | 2 | 70 | 13 | 15 | 21 |
| $77,750 | 1,016 | - | 3 | 1 | 88 | 4 | 4 | 21 |
| $49,000 | 972 | - | 3 | 1 | 105 | 5 | 6 | 49 |