Is Peoria, IL 61604 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Peoria is a seller’s market. With about 1.5 months of supply and 40% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply1.5Under 4 months = seller’s market

Sold above original list40.4%Share of sales, last 3 months

Median sale-to-list99.7%Sold price ÷ list price

Median days on market12Listing to accepted offer

Median price per sq ft$89▲ +5.1% vs. last year

Run the numbers for 61604

Prefilled for 61604Can I win this house?Multiple-offer likelihood for a listing Prefilled for 61604Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Brimfield 61517Seller’s market $138 /sq ft Chillicothe 61523Seller’s market $125 /sq ft Dunlap 61525Seller’s market $148 /sq ft Edelstein 61526Seller’s market $117 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology