Home ValuePros

Market Intelligence · IL / Peoria

Peoria, IL 61603 Housing Market

In Peoria's 61603, the typical home value is $67,626, up 10.1% over the past year. The median list price is $62,500, and homes have a median of 57 days on market. There are 37 homes for sale, with 16 new listings.

Updated August 2026Median value$68K

The median home value in Peoria, IL 61603 is $68K as of August 2026, up 10.1% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 61603 range

$62K to $73K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+10.1% over 12 months

Typical home value in 61603 over the last 12 months: $61K in Aug 2025 to $68K in Aug 2026 (+10.1%).

Aug 2025$61K

Aug 2026$68K

The numbers

What is the 61603 housing market like?

Typical home value

$68K

Up10.1%YoY

Median list price

$63K

Down0.4%MoM

Days on market

57

Down1.7%MoM

Homes for sale

37

Down5.1%MoM

Price cuts

12.7%

Down12.5%MoM

New listings

16

Up14.3%MoM

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

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The comparison

How do 61603 home prices compare?

  • 61603$67,626
  • Peoria$122,577
  • Illinois$197,608
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Peoria: 8 ZIPs; Illinois: 1,084 ZIPs; United States: 26,265 ZIPs).

Context

Inventory is limited at 37 homes for sale, with 16 new listings. The median list price is $62,500, while the typical home value is $67,626, up 10.1% over the past year. A median of 57 days on market points to a slower pace, and 12.7% of listings have taken a price cut. That mix favors buyers who can move carefully and sellers who price close to local results. For a seller, the market looks affordable but not fast, so pricing and condition matter.

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