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Market Intelligence · IL / Peoria County

Peoria, IL home prices and housing market

8 ZIP markets liveData updated September 2026Typical value$121K1-yr changeDown9.4%

The typical home value in Peoria, IL is $121K as of September 2026, down 9.4% from a year ago, based on the Zillow Home Value Index. In the typical Peoria ZIP code, the median list price is $166K and homes spend a median of 33 days on market as of September 2026 (Realtor.com).

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The coverage

Peoria, by the numbers.

Typical home valueZillow ZHVI, September 2026
$121K
1-yr changeMedian across Peoria ZIPs
-9.4%
ZIP markets live28 tracked in Peoria
8
County
Peoria County

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12-month value trend

-9.4% over 12 months

Typical home value in Peoria over the last 12 months: $133K in Sep 2025 to $121K in Sep 2026 (-9.4%).

Sep 2025$133K

Sep 2026$121K

Median Zillow home value index across Peoria's ZIP codes.

Context

Peoria's housing market has cooled considerably. The typical home value in Peoria sits at $120,943, down 9.4% over the past year as of September 2026. There are 297 homes for sale with a median list price of $165,563, and new listings added up to 178 during the period. Homes are staying on the market for a median of 33 days, and about 19.6% of listings have received price cuts. If you're considering selling, the data suggests a buyer's market where you'll need to be competitive on price.

The numbers

What is the housing market like in Peoria, IL?

Typical home value

$121K

Down9.4%YoY

Median list price

$166K

Days on market

33

Homes for sale

297

Price cuts

19.6%

New listings

178

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Peoria's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Peoria, IL home prices over time

Typical home values in Peoria, IL are down 9.4% over the past year, from $133K in September 2025 to $121K in September 2026.

Typical home value in Peoria, IL, September of each year
MonthTypical value1-yr change
September 2026$120,943-9.4%
September 2025$133,429No prior year

Typical value is the median Zillow Home Value Index across Peoria ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Peoria, IL a buyer's or seller's market?

Peoria, IL is roughly balanced between buyers and sellers.

These measures sit between the ranges that usually favor one side, so pricing and condition matter more than market direction.

Based on a median of 33 days on market and 20% of listings with a price cut in the typical Peoria ZIP code, and 178 new listings against 297 active listings across Peoria, as of September 2026 (Realtor.com).

The outlook

Peoria housing market forecast 2027

+3.7%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 8 Peoria ZIP codes, points to typical home values rising 3.7% by September 2027.

Over the 12 months through September 2026, typical home values in Peoria fell 9.4%, per the Zillow Home Value Index.

Will home prices drop in Peoria?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Peoria shows typical home values rising 3.7% by September 2027, after a 9.4% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 8 Peoria ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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The markets

Which Peoria ZIP codes have the highest home values?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 28 Peoria ZIP codes in total; the remaining 20 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Peoria, IL home prices.

What is the typical home value in Peoria?

The typical home value in Peoria is $120,943 as of September 2026, down 9.4% over the past year.

How many homes are for sale in Peoria?

There are 297 homes for sale in Peoria as of September 2026, with 178 new listings added during the period.

How long do homes typically stay on the market in Peoria?

The median days on market in Peoria is 33 days as of September 2026. About 19.6% of listings have had price cuts.

Are home prices going up or down in Peoria, IL?

Typical home values in Peoria, IL are down 9.4% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Peoria, IL a buyer's or seller's market?

Peoria, IL is roughly balanced between buyers and sellers. These measures sit between the ranges that usually favor one side, so pricing and condition matter more than market direction. Based on a median of 33 days on market and 20% of listings with a price cut in the typical Peoria ZIP code, and 178 new listings against 297 active listings across Peoria, as of September 2026 (Realtor.com).

Nearby markets

More Illinois housing markets.

The market is moving

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