Market Intelligence · IL / Peoria

Peoria, IL 61606 Housing Market

The typical home in Peoria's 61606 ZIP code is worth about $126,966, down 0.8% over the past year. The median list price is $166,225, and homes are taking a median of 30 days on market.

Updated June 2026Median value$127K

The median home value in Peoria, IL 61606 is $127K as of June 2026, down 0.8% 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 61606 range

$117K to $137K

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

-0.8% over 12 months

Typical home value in 61606 over the last 12 months: $128K in Jun 2025 to $127K in Jun 2026 (-0.8%).

Jun 2025$128K

Jun 2026$127K

The numbers

What is the 61606 housing market like?

Typical home value

$127K

Down0.8%YoY

Median list price

$166K

Days on market

30

Down26.8%MoM

Homes for sale

15

Price cuts

10.0%

New listings

4

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

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The comparison

How do 61606 home prices compare?

  • 61606$126,966
  • 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 were 15 homes for sale in 61606, with 4 new listings added. The median list price sits at $166,225, while the typical home value is $126,966, down 0.8% over the past year. About 10.0% of listings had a price cut, and the median time on market was 30 days. For sellers, this is a soft market, so realistic pricing matters more than waiting for gains.

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