Market Intelligence · IL / Peoria

Peoria, IL 61614 Housing Market

The typical home value in Peoria's 61614 ZIP is $206,870, up 5.6% over the past year. The median list price stands at $214,950, with homes selling in a median of 30 days as of September 2026.

Updated September 2026Median value$207K

The median home value in Peoria, IL 61614 is $207K as of September 2026, up 5.6% 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 61614 range

$190K to $223K

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

+5.6% over 12 months

Sep 2025$196K

Low $196KHigh $207K

Sep 2026$207K

The numbers

What is the 61614 housing market like?

As of September 2026

Typical home value

$207K

5.6%YoY

Median list price

$215K

0.5%MoM

Days on market

0.0%MoM

Homes for sale

11.5%MoM

Price cuts

24.5%

21.2%MoM

New listings

9.1%MoM

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

The outlook

61614 housing market forecast 2027

+4.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 61614 to rise 4.1% by September 2027.

Over the 12 months through September 2026, typical home values in 61614 rose 5.6%, per the Zillow Home Value Index.

Will home prices drop in 61614?

Zillow's forecast does not call for a drop: it expects typical home values in 61614 to rise 4.1% by September 2027, after a 5.6% 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 61614 home prices compare?

61614$206,870
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

Peoria's 61614 has 58 homes for sale and 40 new listings as of September 2026. The median days on market of 30 suggests a reasonably active inventory. However, 24.5% of listings carry a price cut, which signals some seller resistance despite the year-over-year appreciation. The market is moving, but not all properties are attracting offers at asking price. If you're thinking about selling, expect competition and price discipline from buyers.

Monthly payment

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Home price

Down payment20% · $41,374

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Common questions

What people ask us.

What is the typical home value in 61614?

The typical home value in Peoria's 61614 ZIP is $206,870, up 5.6% over the past year as of September 2026.

How long do homes stay on the market here?

The median days on market in 61614 is 30 days as of September 2026.

What share of homes have price cuts?

As of September 2026, 24.5% of listings in 61614 have a price cut.

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