How much is a home in 61615 worth?

The typical home value in 61615 is $256,103, up 6.9% over the past year as of 2026-08-01. The median list price is $309,450.

How fast are homes selling in 61615?

Homes in 61615 spend a median of 24 days on the market as of 2026-08-01. That is a reasonably quick pace for sellers.

Are sellers cutting prices in 61615?

As of 2026-08-01, 9.0% of listings in 61615 had a price cut. Most listings are holding their original asking price.

Market Intelligence · IL / Peoria

Peoria, IL 61615 Housing Market

The typical home value in Peoria's 61615 ZIP code is $256,103, up 6.9% over the past year as of 2026-08-01. The median list price is $309,450, and homes spend a median of 24 days on the market.

Updated August 2026Median value$256K

The median home value in Peoria, IL 61615 is $256K as of August 2026, up 6.9% 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 61615 range

$236K to $277K

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

+6.9% over 12 months

Aug 2025$240K

Low $240KHigh $256K

Aug 2026$256K

The numbers

What is the 61615 housing market like?

As of August 2026

Typical home value

$256K

6.9%YoY

Median list price

$309K

8.4%MoM

Days on market

51.0%MoM

Homes for sale

13.2%MoM

Price cuts

9.0%

33.0%MoM

New listings

50.0%MoM

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

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The comparison

How do 61615 home prices compare?

61615$256,103
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

Values in 61615 have been climbing, with the typical home value at $256,103, up 6.9% over the past year as of 2026-08-01. Sellers are asking more than that, with a median list price of $309,450. Homes are moving at a steady clip, sitting a median of 24 days before going under contract. Inventory is limited, with 43 homes for sale and 48 new listings coming on. Only 9.0% of listings have taken a price cut, which suggests most sellers are pricing close to what buyers will pay. For a homeowner thinking about selling, the data points to a market where a well-priced home can sell without much drama.

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