Market Intelligence · IL / Peoria

Peoria, IL 61607 Housing Market

The typical home value in Peoria's 61607 ZIP code is $169,782, up 6.6% over the past year. Homes here carry a median list price of $156,225 and sit on the market for a median of 39 days.

Updated June 2026Median value$170K

The median home value in Peoria, IL 61607 is $170K as of June 2026, up 6.6% 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 61607 range

$156K to $183K

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

+6.6% over 12 months

Typical home value in 61607 over the last 12 months: $159K in Jun 2025 to $170K in Jun 2026 (+6.6%).

Jun 2025$159K

Jun 2026$170K

The numbers

What is the 61607 housing market like?

Typical home value

$170K

Up6.6%YoY

Median list price

$156K

Days on market

39

Up254.5%MoM

Homes for sale

12

Price cuts

21.9%

New listings

14

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

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The comparison

How do 61607 home prices compare?

  • 61607$169,782
  • 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 12 homes for sale in 61607, with 14 new listings entering the market. The median list price was $156,225, while the typical home value stood at $169,782, up 6.6% over the past year. Homes took a median of 39 days to sell. About 21.9% of listings had a price cut. For sellers, the rising annual value trend is encouraging, but the share of price cuts shows buyers are still negotiating, so realistic pricing matters.

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