Market Intelligence · IL / Peoria

Peoria, IL 61604 Housing Market

The typical home value in Peoria, IL 61604 is $115,635, up 6.5% over the past year. Homes here carry a median list price of $99,900 and spend a median of 38 days on market.

Updated August 2026Median value$116K

The median home value in Peoria, IL 61604 is $116K as of August 2026, up 6.5% 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 61604 range

$106K to $125K

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

+6.5% over 12 months

Typical home value in 61604 over the last 12 months: $109K in Aug 2025 to $116K in Aug 2026 (+6.5%).

Aug 2025$109K

Aug 2026$116K

The numbers

What is the 61604 housing market like?

Typical home value

$116K

Up6.5%YoY

Median list price

$100K

Down11.3%MoM

Days on market

38

Down11.6%MoM

Homes for sale

60

Up11.1%MoM

Price cuts

16.2%

Up0.4%MoM

New listings

40

Up5.3%MoM

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

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The comparison

How do 61604 home prices compare?

  • 61604$115,635
  • 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

As of 2026-08-01, the 61604 market had 60 homes for sale, with 40 new listings coming on. The median list price of $99,900 sits below the typical home value of $115,635, which is up 6.5% over the past year. Homes are moving at a moderate pace, with a median of 38 days on market. About 16.2% of listings have taken a price cut. For a seller, the data points to rising values and steady turnover, but pricing close to what buyers are actually paying matters.

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