Prices, inventory, and demand — distilled every month into one clear verdict: buyer’s market or seller’s. The investor’s read, before you make an offer.
Only on the right house. Neither side has the upper hand in Peoria right now.
Neither side has the upper hand in Peoria. Buyers and sellers are evenly matched. The market will not hand you a discount. You have to find it in one specific listing.
Only 85 out of every 100 homes for sale have found a buyer. The other 15 are still waiting. Your offer may be the only one on the table. Few sellers are dropping their price. Asking prices are holding firm. Your discount will come from one stale listing, not from the whole market.
A typical Peoria home takes 49 days to find a buyer. Half of them take even longer. That is 10% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago. There are 237 homes for sale in Peoria. That is 1.8 times the tightest month on record, but below the peak of 1,126. Supply is growing against last year.
Asking prices are 11.9% below their Sep 2025 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower. Peoria prices rose in only 66 of the last 108 months. This market goes up and down. Timing matters here. Growth will not rescue a bad price.
This market is turning. Which way is not settled yet. Check the monthly numbers above before you commit.
In Peoria, 40 out of every 100 households rent. Most own their home. That share has held steady for five years. Peoria added about 700 renter households in five years. Renter households average 2.0 people. Singles and couples rent here. Two bedrooms beat four.
Households grew 4% in five years. The housing stock shrank 1%. Demand is outrunning supply. 9.1% of homes sit empty. That is normal for a healthy market.
The median Peoria household earns $58,044 a year. Incomes here have grown 2.2% a year since 2019. Home prices have outrun incomes. Locals are being priced out. A typical home costs 2.6 times the median income. Locals can afford to buy here. Your exit buyer can be a family, not just another investor. A tenant on the median income can pay about $1,451 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast.
That is the market, not your address. Run an address through the app to see its rent estimate and cash flow.
Only on the right house. Neither side has the upper hand in Peoria right now. 85 out of every 100 homes for sale have a buyer, 16% of sellers have cut their price, and a typical home takes 49 days to sell.
Asking prices are 11.9% below their Sep 2025 peak. You are not buying at the top. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower.
Assume +2.4% a year. Peoria grew 5.2% a year over the last five years. That is faster than its ten-year pace. The momentum is recent. Do not assume it continues. Underwrite between the two rates. Prices fell 0.6% over the last year. That is a timing signal, not a trend.
A typical Peoria home takes 49 days to find a buyer. Half of them take even longer. That is 10% slower than a year ago. Those sellers are paying to own a house they want to sell. Search for homes listed 60+ days ago.
In Peoria, 40 out of every 100 households rent. Most own their home. That share has held steady for five years. 9.1% of homes sit empty. That is normal for a healthy market.
A tenant on the median income can pay about $1,451 a month. That is the standard 30% affordability line. Rents above it thin your tenant pool fast. The median Peoria household earns $58,044 a year.
61605. Only 12 out of 100 homes there have a buyer. 10% of sellers there have cut their price, and a typical home takes 100 days to sell.
Where it isn't: 61614 ranks #130 in the country for buyer demand. Expect the least room to negotiate there.
ZIP 61604 is on both lists. That is rare. It is the one place in Peoria where leverage and growth overlap.
| ZIP | $/sqft, 2 yrs | $/sqft now | Buyers per home | For sale |
|---|---|---|---|---|
| 61605 | +41.4% | $49 | 0.12 | 26 |
| 61614 | +12.1% | $118 | 1.33 | 38 |
| 61604 | +7.8% | $80 | 1.01 | 56 |
| 61607 | +7.0% | $108 | 1.30 | 12 |
| 61615 | +3.9% | $120 | 1.06 | 42 |
Computed from each ZIP's own ten-year history. ZIPs with fewer than 10 homes for sale are excluded: a median across a handful of listings is noise, not a signal.
Peoria has 28 ZIP codes. Each links to its live market dashboard.
Closest matches on asking price, price per square foot, days to sell, buyer demand, and price cuts.
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