61528 Housing Market Report May 2025•Peoria County, Illinois

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Housing Prices in 61528, IL

How much do homes in 61528, IL cost?

Housing Market Conditions

Is 61528, IL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

61528 is a Seller's Market

Difference Since May 2024

At the same time last year, 61528 was a Buyer's Market.

Insight

61528 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$345,000$127/SqFt
-$28,000
-7.5%

Based on all homes sold in the last 12 months

Insight

Homes in 61528 have sold for 7.5% less than they did a year ago.

Summary: The median home sold price in 61528 was $345,000 in May 2025, down 7.5% from last year, and the median price per square foot was $127.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
61517
+68.2%
61525
+9.1%
61615
+8.5%
61536
-0.8%
61528
-7.5%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1--
N/A
2-$122K
N/A
3$322K$313K
-2.8%
4$350.2K$325K
-7.2%
5$425K$450K
+5.9%

Summary: 61528 housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -2.8%. The home price for 4 bedroom homes decreased by -7.2%. The home price for 5 bedroom homes increased by +5.9%.

How does 61528, IL compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

61528, IL

Housing supply in 61528, IL

How many homes are available in 61528, IL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
12Last MonthMay 2025
102 months agoApr 2025
+20.0 %
Change MoMApr – May

Summary: The 61528 real estate market had 12 homes for sale in May 2025, a 20.0 % increase compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
3Last MonthMay 2025
12 months agoApr 2025
+200.0 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
100
0.0%
201
+100.0%
323
+50.0%
401
+100.0%
587
-12.5%

Summary: 61528 housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +100.0%. The inventory for 3 bedroom homes increased by +50.0%. The inventory for 4 bedroom homes increased by +100.0%. The inventory for 5 bedroom homes decreased by -12.5%.

Asking Price vs. Sold Price

How much do homes in 61528, IL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price3 Homes

At Asking Price0 Home

Under Asking Price0 Home

Insight

If you're buying a home in 61528, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in 61528 in May 2025, up by 200.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and and 100% were sold over asking.

Days on Market for 61528, IL

How long does it take to sell a home in 61528, IL?

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

Many homes in 61528 are selling fast, if you're buying plan to act quickly.

Summary: During May 2025, 3 homes were sold in 61528; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
2 DaysThis YearMay 2025
237 Days1 year agoMay 2024
-98.9 %
Change YoYMay 2024 – May 2025

Summary: Homes in 61528 had an average listing age of 2 days in May 2025, down by 98.9% compared to the previous year.

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Newest Listings in 61528, IL

What homes are available in 61528, IL?

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MLS Disclaimers and Copyright

Based on information from RMLS Alliance, for the period 06/01/2023 - 06/01/2025

IDX Listings courtesy of RMLS Alliance as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. Copyright © 2025 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/5/2025, 7:35:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.