Peoria, IL, Real Estate
Peoria, Illinois, is a vibrant city nestled along the Illinois River, known for its rich history and modern charm. As one of the state's oldest settlements, Peoria blends its industrial past with a thriving cultural scene, featuring attractions like the Peoria Riverfront Museum and the historic Caterpillar Visitors Center, reflecting its legacy as a hub for manufacturing. The city boasts a lively downtown with diverse dining, entertainment, and the scenic Riverfront Park, hosting festivals and events year-round. With a population of around 110,000, Peoria offers a welcoming community, affordable living, and a mix of urban amenities and natural beauty, making it a dynamic place to live or visit.
Peoria currently has 13 single family homes for sale with an average list price of $120,576.69, 1 condo for sale with a list price of $84,990, and 7 lots for sale with an average list price of $97,928.57. The average annual property tax for Peoria is $3,350.59.
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Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Peoria, i.e. what's hot and what's not.
See What's Hot & What's Not in Peoria
Market Trends
Peoria home sales for the month of February stayed the same in volume when compared to last year, while the median sale price decreased by 38.8% from $49,000 to $30,000. House sales stayed the same, while the median sale price decreased by 38.8% from $49,000 to $30,000.
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16
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18
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31
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29
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| 2022 | 2023 | 2024 | 2025 |
| # of sales per year | |||
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$136,000
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$96,000
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$145,000
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$139,500
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| 2022 | 2023 | 2024 | 2025 |
| median sale price per year | |||
Median Sale Price for Peoria
Number of Sales for Peoria
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