Market Intelligence · IL / Peoria

Peoria, IL 61607 Housing Market

The typical home in Peoria's 61607 ZIP code is worth $170,681, up 6.2% over the past year as of 2026-08-01. The median list price sits at $162,500, and homes spend a median of 35 days on the market.

Updated August 2026Median value$171K

The median home value in Peoria, IL 61607 is $171K as of August 2026, up 6.2% 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

$157K to $184K

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

Typical home value in 61607 over the last 12 months: $161K in Aug 2025 to $171K in Aug 2026 (+6.2%).

Aug 2025$161K

Aug 2026$171K

The numbers

What is the 61607 housing market like?

Typical home value

$171K

Up6.2%YoY

Median list price

$163K

Flat0.0%MoM

Days on market

35

Up16.7%MoM

Homes for sale

14

Flat0.0%MoM

Price cuts

12.9%

Up24.4%MoM

New listings

12

Down25.0%MoM

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

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The comparison

How do 61607 home prices compare?

  • 61607$170,681
  • 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, there were 14 homes for sale in 61607, with 12 new listings adding fresh supply. The median list price of $162,500 comes in below the typical home value of $170,681, which has climbed 6.2% over the past year. Homes move at a steady pace, with a median of 35 days on market. Meanwhile, 12.9% of listings carry a price cut, suggesting some sellers are testing the top of the market. For a seller, the data points to rising values and healthy turnover, but pricing right from the start still matters.

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