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.
Only on the right house. Neither side has the upper hand in Peoria right now. 0.85 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.
+2.4%/yr. 1 year: -0.6% · 5 years: +5.2% · ten years: +2.4%. Peoria has grown faster in the last five years than across the full ten. That momentum is recent. Do not assume it continues. Underwrite between the two. Measure growth per square foot. Peoria median list price grew 1.4% a year, but price per square foot grew 2.4%. The gap is smaller homes, not weaker growth. The house you buy will not shrink. The one-year rate is a timing signal. It is not an underwriting input.
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.
61605. Only 12 out of 100 homes there have a buyer, 10% 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.
Closest matches on asking price, price per square foot, days to sell, buyer demand, and price cuts.
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