New - 9 hours on Rocket
$546 Closing Credit¹
#PA1256336, Jill Barclay, Listing Office: EXP Realty, LLC Willow Knolls
61604 Housing Market Report February 2025•Peoria County, Illinois
Housing Prices in 61604, IL
How much do homes in 61604, IL cost?
Housing Market Conditions
Is 61604, IL a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
61604 is a Seller's Market
Difference Since February 2024
Since last year, 61604 has remained a Seller's Market.
Insight
61604 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$99,300$76/SqFt
+$9,366
+10.4%
Based on all homes sold in the last 12 months
Insight
Homes in 61604 have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in 61604 was $99,300 in February 2025, up 10.4% from last year, and the median price per square foot was $76.
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $42K | $44K | +4.8% |
| 22 Bedrooms | $70K | $75K | +7.1% |
| 33 Bedrooms | $111K | $122.1K | +10.0% |
| 44 Bedrooms | $138K | $137K | -0.7% |
| 55+ Bedrooms | $129K | $187.5K | +45.3% |
Summary: 61604 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +4.8%. The home price for 2 bedroom homes increased by +7.1%. The home price for 3 bedroom homes increased by +10.0%. The home price for 4 bedroom homes decreased by -0.7%. The home price for 5 bedroom homes increased by +45.3%.
Housing supply in 61604, IL
How many homes are available in 61604, IL?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 114Last MonthFeb 2025 | ||
| 1012 months agoJan 2025 | +12.9 % Change MoMJan – Feb |
Summary: The 61604 real estate market had 114 homes for sale in Feb 2025, a 12.9 % increase compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 28Last MonthFeb 2025 | ||
| 212 months agoJan 2025 | +33.3 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 4 | 3 | -25.0% |
| 22 Bedrooms | 33 | 38 | +15.2% |
| 33 Bedrooms | 45 | 48 | +6.7% |
| 44 Bedrooms | 19 | 25 | +31.6% |
| 55+ Bedrooms | 0 | 0 | 0.0% |
Summary: 61604 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -25.0%. The inventory for 2 bedroom homes increased by +15.2%. The inventory for 3 bedroom homes increased by +6.7%. The inventory for 4 bedroom homes increased by +31.6%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in 61604, IL cost?
Over Asking Price5 Homes
At Asking Price2 Homes
Under Asking Price21 Homes
Insight
If you're buying a home in 61604, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in 61604 in February 2025, up by 33.3% month-over-month. Of the 28 sold homes, 75% were sold under asking, 7% were sold at asking, and and 18% were sold over asking.
Days on Market for 61604, IL
How long does it take to sell a home in 61604, IL?
Breakdown of Home Sale Times
Under 30 Days17 Homes
30 – 90 Days9 Homes
Over 90 Days2 Homes
Insight
Many homes in 61604 are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 28 homes were sold in 61604; 61% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 34 DaysThis YearFeb 2025 | ||
| 17 Days1 year agoFeb 2024 | +90.2 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in 61604 had an average listing age of 34 days in Feb 2025, up by 90.2% compared to the previous year.
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Newest Listings in 61604, IL
What homes are available in 61604, IL?
New - 1 day on Rocket
$948 Closing Credit¹
#PA1256302, Donna Fauntleroy, Listing Office: Coldwell Banker Real Estate Group
New - 2 days on Rocket
$1,661 Closing Credit¹
#PA1256281, Kayleigh Michael, Listing Office: EXP Realty, LLC Willow Knolls
New - 4 days on Rocket
$1,899 Closing Credit¹
#PA1256276, Donna Jones Craig, Listing Office: Move Smart Realty
New - 5 days on Rocket
$925 Closing Credit¹
#PA1256267, Matthew Williams, Listing Office: Keller Williams Premier Realty
New - 6 days on Rocket
$2,137 Closing Credit¹
#PA1256218, Adam Merrick, Listing Office: Adam Merrick Real Estate
New - 7 days on Rocket
$653 Closing Credit¹
#PA1256213, Josh Graham, Listing Office: RE/MAX Traders Unlimited
$1,305 Closing Credit¹
#PA1256187, Angie Powers, Listing Office: Keller Williams Revolution.
$692 Closing Credit¹
#QC4260712, Cheryl Rabin, Listing Office: REALHome Services and Solutions, Inc.
Backup offers
$1,839 Closing Credit¹
#PA1256155, Lisa Hayes, Listing Office: RE/MAX Traders Unlimited
$594 Closing Credit¹
#PA1256144, Andrew Guadalajara, Listing Office: eXp Realty, LLC
$594 Closing Credit¹
#PA1256139, Andrew Guadalajara, Listing Office: eXp Realty, LLC
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MLS Disclaimers and Copyright
Based on information from RMLS Alliance, for the period 03/01/2023 - 03/01/2025
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: 3/5/2025, 11:50:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.