Downtown Peoria, IL Housing Market

The Downtown Peoria housing market is not very competitive. The median sale price of a home in Downtown Peoria was $180K last month, up 18.0% since last year. The median sale price per square foot in Downtown Peoria is $74, down 36.3% since last year.

Trends
Demand
Schools
Climate

Downtown Peoria Housing Market Trends

What is the housing market like in Downtown Peoria today?

In February 2025, Downtown Peoria home prices were up 18.0% compared to last year, selling for a median price of $180K. On average, homes in Downtown Peoria sell after 146 days on the market compared to 212 days last year. There were 3 homes sold in February this year, down from 4 last year.

$179K

Sale Price

+17.0%
since last year

$74

Sale $/Sq. Ft.

-36.3%
since last year

Under List Price

5.4%

Days on Market

Down Payment

—

Total Homes Sold

To compare other locations to the Downtown Peoria and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Peoria add value to a home.

How hot is the Downtown Peoria housing market?

Downtown Peoria is not very competitive. Homes sell in 89 days.

100

Not Very Competitive

Multiple offers are rare.
The average homes sell for about 5% below list price and go pending in around 89 days.
Hot homes
can sell for about 2% below list price and go pending in around 62 days.

Compare With Nearby Neighborhoods

East Bluff

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 34 days.
Hot homes
can sell for around list price and go pending in around 13 days.

Uplands

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 22 days.
Hot homes
can sell for about 1% below list price and go pending in around 8 days.

See more nearby cities and neighborhoods

View houses in Downtown Peoria that sold recently

Recently sold homes

SOLD MAR 11, 2025
$75,000 Last Sold Price
1 bed
2 baths
1,106 sq ft
123 SW Jefferson Ave Unit E17C, Peoria, IL 61602
List Price
$148,900
Sale to List
50% under list
Days on Market
70 days
123 SW Jefferson Ave Unit E17C, Peoria, IL 61602
SOLD JAN 30, 2025
$217,000 Last Sold Price
3 beds
4 baths
3,320 sq ft
123 SW Jefferson Ave Unit E24, Peoria, IL 61602
List Price
$225,000
Sale to List
4% under list
Days on Market
86 days
123 SW Jefferson Ave Unit E24, Peoria, IL 61602
SOLD JAN 15, 2025
$140,000
2 beds
2 baths
1,660 sq ft
125 SW Jefferson Ave Unit W12, Peoria, IL 61602
List Price
—
Sale to List
—
Days on Market
—
125 SW Jefferson Ave Unit W12, Peoria, IL 61602
SOLD JAN 10, 2025
$140,000 Last Sold Price
3 beds
2 baths
1,660 sq ft
125 SW Jefferson Ave Unit W12NE, Peoria, IL 61602
List Price
$152,000
Sale to List
8% under list
Days on Market
211 days
125 SW Jefferson Ave Unit W12NE, Peoria, IL 61602
SOLD DEC 17, 2024
$180,000 Last Sold Price
2 beds
2 baths
1,660 sq ft
125 SW Jefferson St, Peoria, IL 61602
List Price
$184,900
Sale to List
3% under list
Days on Market
184 days
125 SW Jefferson St, Peoria, IL 61602
SOLD DEC 2, 2024
$189,000
2 beds
2 baths
1,660 sq ft
125 SW Jefferson Ave Unit W12A, Peoria, IL 61602
List Price
—
Sale to List
—
Days on Market
—
125 SW Jefferson Ave Unit W12A, Peoria, IL 61602
SOLD NOV 26, 2024
$77,000
2 beds
2 baths
1,135 sq ft
125 SW Jefferson Ave Unit W11A, Peoria, IL 61602
List Price
—
Sale to List
—
Days on Market
—
125 SW Jefferson Ave Unit W11A, Peoria, IL 61602
SOLD NOV 5, 2024
$78,000
1 bed
1 bath
792 sq ft
125 SW Jefferson Ave Unit W2D, Peoria, IL 61602
List Price
—
Sale to List
—
Days on Market
—
125 SW Jefferson Ave Unit W2D, Peoria, IL 61602
See all recently sold homes in Downtown Peoria.
See listings

Schools in Downtown Peoria

Learn about schools in the Downtown Peoria area

Elementary
Middle
High

GreatSchools Rating

No elementary schools in this region.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on Downtown Peoria housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Downtown Peoria.

Wind Factor - Minor

100% of properties are at minor risk of a severe wind event over the next 30 years

Heat Factor - Moderate

100% of properties are at moderate risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for Downtown Peoria

New Listings in Downtown Peoria

Zip Code Housing Markets

Nearby Neighborhood Housing Markets

City Housing Markets

Zip Code Listings

Nearby Neighborhood Listings

City Listings

Rentals

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Why Redfin?

Community Impact

Diversity & Inclusion

Find us

Become a Lender Partner

Subsidiaries

Rent.

ApartmentGuide

Bay Equity Home Loans

Title Forward

Countries

United States

Canada

Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.