Market Intelligence Report — IL-900

Peoria, IL

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

Ref. No: 2026-IL-08
As of the latest 2026 data
Accelerated

Median Listing

$185K
-2.6% YoY

Pending Ratio

0.77
-12.5% YoY

Active Inventory

622
+12.1% YoY

Median DOM

37 Days
-5.1% YoY

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The Peoria, IL market is currently assessed as Accelerated, driven by a pending ratio of 0.77 which signifies robust demand relative to available supply. While the median listing price experienced a modest month-over-month increase of 0.8%, it remains 2.6% lower over the past year. Active listings have expanded by 12.1% year-over-year, yet demand absorption continues at a strong pace.

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

3.8%-1.1 pp YoY

Unemployment rate · Jul 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.

Inventory growth is observed, with active listings increasing by 12.1% and new listings up 7.3% year-over-year. Despite this expansion in supply, the pending ratio of 0.77 indicates that demand is significantly outstripping the rate at which new properties are becoming available. Pricing trends show some divergence, with the median listing price declining 2.6% year-over-year but posting a 0.8% month-over-month gain. Median days on market have decreased by 5.1% over the past year, reflecting faster property absorption. The share of price-reduced listings has slightly decreased by 1.7% year-over-year.

Historical Analysis

Market Trends

Median Price

$185K+0.8% MoM

Active Inventory

622+12.1% YoY

Days on Market

37-5.1% YoY

Sold Score™

73-12.5% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

73
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 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

The elevated pending ratio suggests a rapid pace of demand absorption, placing significant pressure on available inventory. This environment generally favors price discipline for well-positioned properties. The quickening pace of sales, indicated by declining days on market, implies that properties are moving efficiently through the market, with limited time for extended negotiations.

Luxury Segment

While the median listing price shows a year-over-year decline, the average listing price also decreased by 1.5% over the past year. This parallel movement, alongside a 2.9% increase in median $/sqft, does not present a clear signal of distinct luxury-segment softness at this time. No distinct luxury-segment signal in this dataset.

Supply Dynamics

622 active listings represent the current floor, with new supply arriving at roughly 472 per month.

Pricing Pressure
18.8%

of active listings carry a price reduction, -1.7% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +2.9% year-over-year.

Absorption
0.77

Pending-to-active ratio — Accelerated.

Recommended For This Market

Accelerated

Selling in Peoria, IL? Inventory is up 12% 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
77%
Median Days on Market
37 days
Inventory YoY
+12%

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

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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 Accelerated. Pending ratio is 0.77 with median days on market at 37.

  • Are home prices dropping in Peoria?+

    Median listing price is $185K, -2.6% year over year. 18.8% of active listings carry a price reduction.

  • How fast are homes selling in Peoria?+

    The typical listing sits 37 days on market, a -5.1% change YoY. New listings are arriving at 472 per month.

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

    While the median listing price shows a year-over-year decline, the average listing price also decreased by 1.5% over the past year. This parallel movement, alongside a 2.9% increase in median $/sqft, does not present a clear signal of distinct luxury-segment softness at this time. No distinct luxury-segment signal in this dataset.

  • 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