Market Intelligence Report — IL-900

Peoria, IL

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-IL-07
As of the latest 2026 data
Very Competitive

Median Listing

$184K
-5.9% YoY

Pending Ratio

0.86
-16.8% YoY

Active Inventory

572
+12.7% YoY

Median DOM

36 Days
-2.7% YoY

Primary Intelligence Tool — Sold Score™

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The Peoria, IL housing market currently presents as Very Competitive, driven by a robust pending ratio of 0.86. This strong demand indicator suggests significant absorption of available inventory, despite a year-over-year increase in active listings.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

4.5%+0.1 pp YoY

Unemployment rate · Jun 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

363,505-0.0% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Peoria market right now.

The market maintains a competitive posture, though with some nuanced directional trends. Active listings have expanded by 12.7% over the past year, while new listings saw a slight contraction of 1.4%. Despite this increase in active supply, the pending ratio, reflecting demand, remains elevated at 0.86, even as it registered a notable year-over-year decrease of 16.8%. Median listing prices have declined by 5.9% over the past year, alongside a 2.7% decrease in median days on market.

Historical Analysis

Market Trends

Median Price

$184K+0.6% MoM

Active Inventory

572+12.7% YoY

Days on Market

36-2.7% YoY

Sold Score™

74-16.8% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

74
Aug 23Jul 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Aug 23Jul 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Aug 23Mar 24Oct 24May 25Dec 25Jul 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

Current dynamics indicate sustained pressure on inventory, favoring a rapid pace of transactions. With a high pending ratio, buyers face conditions where speed of decision-making can be critical, and there may be less room for price negotiation. This environment suggests that sellers are able to maintain price discipline on available units due to strong demand absorption.

Luxury Segment

In the higher price tiers, the average listing price has seen a year-over-year decline of 2.4%, diverging from the more stable median $/sqft metric which increased by 3.3%. This suggests some softness in the luxury segment, characterized by a wider spread between average and median pricing metrics.

Supply Dynamics

572 active listings represent the current floor, with new supply arriving at roughly 428 per month.

Pricing Pressure
16.8%

of active listings carry a price reduction, +1.4% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +3.3% year-over-year.

Absorption
0.86

Pending-to-active ratio — Very Competitive.

Recommended For This Market

Very Competitive

Selling in Peoria, IL? Inventory is up 13% from last year.

Demand in Peoria, IL is outpacing supply. Well-prepared listings are still clearing quickly — pricing to the current pace matters more than waiting.

Buyer Demand Index
86%
Median Days on Market
36 days
Inventory YoY
+13%

Demand is strong in Peoria, IL. Check your Sold Score before you price — conditions this favorable don't hold forever.

See how fast my home should sell

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The Monthly Briefing

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Metro Demographics

Metro Area
Peoria, IL
CBSA Code
37900
State
IL

ZIPs in Peoria, IL

Sorted by active inventory · click a ZIP for its full report

Analysis FAQ
  • What is the current market condition in Peoria?+

    As of the latest 2026 data, the Peoria metro is classified as Very Competitive. Pending ratio is 0.86 with median days on market at 36.

  • Are home prices dropping in Peoria?+

    Median listing price is $184K, -5.9% year over year. 16.8% of active listings carry a price reduction.

  • How fast are homes selling in Peoria?+

    The typical listing sits 36 days on market, a -2.7% change YoY. New listings are arriving at 428 per month.

  • What's happening in the Peoria luxury market?+

    In the higher price tiers, the average listing price has seen a year-over-year decline of 2.4%, diverging from the more stable median $/sqft metric which increased by 3.3%. This suggests some softness in the luxury segment, characterized by a wider spread between average and median pricing metrics.

  • Where can I find a trusted Peoria real estate expert?+

    Primpted maintains a vetted registry of Peoria agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 37900 · 36mo history