Market Intelligence · IL / Peoria

Peoria, IL 61604 Housing Market

Homes in Peoria 61604 have a typical value of $112,624, up 6.2% over the past year. The median list price sits at $101,500, with properties averaging 30 days on market as of September 2026.

Updated September 2026Median value$113K

The median home value in Peoria, IL 61604 is $113K as of September 2026, up 6.2% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 61604 range

$104K to $122K

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

+6.2% over 12 months

Sep 2025$106K

Low $106KHigh $113K

Sep 2026$113K

The numbers

What is the 61604 housing market like?

As of September 2026

Typical home value

$113K

6.2%YoY

Median list price

$102K

1.6%MoM

Days on market

21.1%MoM

Homes for sale

1.7%MoM

Price cuts

21.8%

34.6%MoM

New listings

5.0%MoM

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

The outlook

61604 housing market forecast 2027

+4.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 61604 to rise 4.1% by September 2027.

Over the 12 months through September 2026, typical home values in 61604 rose 6.2%, per the Zillow Home Value Index.

Will home prices drop in 61604?

Zillow's forecast does not call for a drop: it expects typical home values in 61604 to rise 4.1% by September 2027, after a 6.2% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 61604 home prices compare?

61604$112,624
Peoria$120,943
Illinois$194,737
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Peoria: 8 ZIPs; Illinois: 1,084 ZIPs; United States: 26,262 ZIPs).

Context

This ZIP has 61 homes for sale with 38 new listings as of September 2026. The median days on market of 30 suggests moderate buyer interest. However, 21.8% of listings have seen price cuts, indicating some sellers are adjusting expectations. For homeowners weighing a sale, the year-over-year appreciation is solid, but the presence of price cuts signals a market where pricing accuracy matters.

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Common questions

What people ask us.

What is the typical home value in Peoria 61604?

The typical home value is $112,624, up 6.2% over the past year as of September 2026.

How long do homes typically stay on the market in this ZIP?

The median days on market is 30 as of September 2026.

How many homes are currently for sale in 61604?

There are 61 homes for sale with 38 new listings as of September 2026.

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