Market Intelligence · IL / Peoria

Peoria, IL 61603 Housing Market

The typical home value in Peoria's 61603 ZIP code is $65,911, up 9.0% over the past year. The median list price is $57,450, and homes are taking a median of 52 days on market as of June 1, 2026.

Updated June 2026Median value$66K

The median home value in Peoria, IL 61603 is $66K as of June 2026, up 9.0% 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

$61K to $71K

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

+9.0% over 12 months

Typical home value in 61603 over the last 12 months: $60K in Jun 2025 to $66K in Jun 2026 (+9.0%).

Jun 2025$60K

Jun 2026$66K

The numbers

What is the 61603 housing market like?

Typical home value

$66K

Up9.0%YoY

Median list price

$57K

Days on market

52

Up50.7%MoM

Homes for sale

40

Price cuts

20.2%

New listings

20

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 61603 home prices compare?

  • 61603$65,911
  • Peoria$123,059
  • Illinois$196,082
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Peoria: 8 ZIPs; Illinois: 1,083 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there are 40 homes for sale in 61603, with 20 new listings added recently. The median list price is $57,450, and the typical home value sits at $65,911, up 9.0% over the past year. Homes are taking a median of 52 days to sell, and 20.2% of listings have had a price cut. For sellers, values have risen over the year, but the price cut share and the time on market suggest buyers here are patient, so realistic pricing matters.

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