Market Intelligence · IL / Peoria

Peoria, IL 61615 Housing Market

The typical home in Peoria, IL 61615 is valued at $256,529, up 6.2% over the past year. The median list price sits at $375,000, with homes spending a median of 31 days on market as of September 2026.

Updated September 2026Median value$257K

The median home value in Peoria, IL 61615 is $257K as of September 2026, up 6.2% 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 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

+6.2% over 12 months

Sep 2025$242K

Low $242KHigh $257K

Sep 2026$257K

The numbers

What is the 61615 housing market like?

As of September 2026

Typical home value

$257K

6.2%YoY

Median list price

$375K

21.2%MoM

Days on market

29.2%MoM

Homes for sale

11.6%MoM

Price cuts

26.1%

189.1%MoM

New listings

45.8%MoM

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

The outlook

61615 housing market forecast 2027

+3.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 61615 to rise 3.7% by September 2027.

Over the 12 months through September 2026, typical home values in 61615 rose 6.2%, per the Zillow Home Value Index.

Will home prices drop in 61615?

Zillow's forecast does not call for a drop: it expects typical home values in 61615 to rise 3.7% by September 2027, after a 6.2% 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 61615 home prices compare?

61615$256,529
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 61615 ZIP has 48 homes for sale and 26 new listings as of September 2026. The median list price of $375,000 reflects a higher end of the market, though the typical home value of $256,529 tells a different story about what most properties actually sell for. One in four listings has seen a price cut, suggesting some sellers are adjusting expectations. Homes move in roughly a month on average. If you're considering selling, expect negotiation and prepare for the possibility that your asking price may need adjustment to match buyer interest.

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Down payment20% · $51,306

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Common questions

What people ask us.

What is the typical home value in 61615?

The typical home value in Peoria, IL 61615 is $256,529, up 6.2% over the past year as of September 2026.

How long do homes stay on the market here?

Homes in this ZIP spend a median of 31 days on market as of September 2026.

How many homes are currently for sale in 61615?

There are 48 homes for sale with 26 new listings as of September 2026.

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