How much is a home in 61614 worth?

The typical home value in 61614 is $206,464 as of 2026-08-01, up 6.0% over the past year. The median list price is $216,000.

How fast do homes sell in 61614?

Homes in 61614 spend a median of 30 days on the market as of 2026-08-01. There were 52 homes for sale, including 44 new listings.

Are sellers cutting prices in 61614?

Yes, 20.3% of listings in 61614 had a price cut as of 2026-08-01. That share points to some listings being priced above what the market will bear.

Market Intelligence · IL / Peoria

Peoria, IL 61614 Housing Market

The typical home value in Peoria, IL 61614 is $206,464, up 6.0% over the past year as of 2026-08-01. The median list price sits at $216,000, and homes are spending a median of 30 days on the market.

Updated August 2026Median value$206K

The median home value in Peoria, IL 61614 is $206K as of August 2026, up 6.0% 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 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

+6.0% over 12 months

Aug 2025$195K

Low $195KHigh $206K

Aug 2026$206K

The numbers

What is the 61614 housing market like?

As of August 2026

Typical home value

$206K

6.0%YoY

Median list price

$216K

2.9%MoM

Days on market

11.1%MoM

Homes for sale

15.6%MoM

Price cuts

20.3%

88.0%MoM

New listings

12.0%MoM

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

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The comparison

How do 61614 home prices compare?

61614$206,464
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

Sellers in 61614 are listing at a median of $216,000 while typical values have climbed 6.0% over the past year to $206,464. Homes are moving at a steady pace, with a median of 30 days on market. There were 52 homes for sale as of 2026-08-01, and 44 of them were new listings, so buyers have fresh options to compare against. About 20.3% of listings have taken a price cut, which suggests some sellers started above where buyers were willing to meet them. For a seller, the practical read is that pricing accurately from day one matters more than testing the high end.

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