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 January 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 January 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

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 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
SOLD OCT 29, 2024
$385,390 Last Sold Price
2 beds
2 baths
2,267 sq ft
401 SW Water St #404, Peoria, IL 61602
List Price
$399,900
Sale to List
4% under list
Days on Market
96 days
401 SW Water St #404, 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

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