How much is a home in 61605 worth?

The typical home value in 61605 is $41,382, up 5.3% over the past year. The median list price is $45,000.

How long does it take to sell a home in 61605?

Homes in 61605 are spending a median of 47 days on the market. About 19.1% of current listings have had a price cut, which suggests overpriced homes take longer to move.

How many homes are for sale in 61605?

There are 28 homes for sale in 61605, including 8 new listings.

Market Intelligence · IL / Peoria

Peoria, IL 61605 Housing Market

The typical home value in Peoria's 61605 ZIP code is $41,382, up 5.3% over the past year. The median list price is $45,000, and homes are spending a median of 47 days on the market.

Updated August 2026Median value$41K

The median home value in Peoria, IL 61605 is $41K as of August 2026, up 5.3% 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.

Sell without the wait

Sell your Peoria home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 61605 range

$38K to $45K

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.

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 61605 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Peoria, IL.

12-month value trend

+5.3% over 12 months

Aug 2025$39K

Low $39KHigh $41K

Aug 2026$41K

The numbers

What is the 61605 housing market like?

As of August 2026

Typical home value

$41K

5.3%YoY

Median list price

$45K

6.8%MoM

Days on market

27.7%MoM

Homes for sale

7.7%MoM

Price cuts

19.1%

10.9%MoM

New listings

100.0%MoM

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

Free home value report

See what your 61605 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 61605 home prices compare?

61605$41,382
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

There are 28 homes for sale in 61605, with 8 new listings coming to market. The median list price of $45,000 sits close to the typical home value of $41,382, so asking prices are broadly in line with what homes are worth here. Values have climbed 5.3% over the past year, which points to steady demand at this price level. At the same time, 19.1% of listings have taken a price cut, and homes are taking a median of 47 days to sell. For a seller, the takeaway is that realistic pricing from day one matters in a market where overpriced homes sit and eventually get reduced.

Monthly payment

Estimate your monthly payment.

Home price

Down payment20% · $8,276

Term

Rate (%)

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading