21 hours on Rocket
$2,968 Closing Credit¹
#PA1257175, Adam Merrick, Listing Office: Adam Merrick Real Estate
61607 Housing Market Report March 2025•Peoria County, Illinois
Housing Prices in 61607, IL
How much do homes in 61607, IL cost?
Housing Market Conditions
Is 61607, IL a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
61607 is a Seller's Market
Difference Since March 2024
Since last year, 61607 has remained a Seller's Market.
Insight
61607 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$151,950$100/SqFt
+$11,200
+8.0%
Based on all homes sold in the last 12 months
Insight
Homes in 61607 have sold for 8% more than they did a year ago.
Summary: The median home sold price in 61607 was $151,950 in March 2025, up 8% from last year, and the median price per square foot was $100.
Median Sold Price By Bedrooms
| Beds | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $72.2K | $65K | -10.0% |
| 22 Bedrooms | $101.5K | $88.5K | -12.8% |
| 33 Bedrooms | $145K | $157.4K | +8.6% |
| 44 Bedrooms | $195K | $231K | +18.5% |
| 55+ Bedrooms | $202K | $305K | +51.0% |
Summary: 61607 housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -10.0%. The home price for 2 bedroom homes decreased by -12.8%. The home price for 3 bedroom homes increased by +8.6%. The home price for 4 bedroom homes increased by +18.5%. The home price for 5 bedroom homes increased by +51.0%.
How does 61607, IL compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
61607, IL
Housing supply in 61607, IL
How many homes are available in 61607, IL?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 30Last MonthMar 2025 | ||
| 312 months agoFeb 2025 | -3.2 % Change MoMFeb – Mar |
Summary: The 61607 real estate market had 30 homes for sale in Mar 2025, a 3.2 % decrease compared to Feb 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 11Last MonthMar 2025 | ||
| 102 months agoFeb 2025 | +10.0 % Change MoMFeb – Mar |
Homes For Sale By Bedroom Count
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 1 | 0.0% |
| 22 Bedrooms | 9 | 9 | 0.0% |
| 33 Bedrooms | 17 | 15 | -11.8% |
| 44 Bedrooms | 4 | 4 | 0.0% |
| 55+ Bedrooms | 0 | 1 | +100.0% |
Summary: 61607 housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -11.8%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +100.0%.
Asking Price vs. Sold Price
How much do homes in 61607, IL cost?
Over Asking Price2 Homes
At Asking Price4 Homes
Under Asking Price5 Homes
Insight
If you're buying a home in 61607, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 61607 in March 2025, up by 10.0% month-over-month. Of the 11 sold homes, 45% were sold under asking, 36% were sold at asking, and and 18% were sold over asking.
Days on Market for 61607, IL
How long does it take to sell a home in 61607, IL?
Breakdown of Home Sale Times
Under 30 Days9 Homes
30 – 90 Days1 Home
Over 90 Days1 Home
Insight
Many homes in 61607 are selling fast, if you're buying plan to act quickly.
Summary: During March 2025, 11 homes were sold in 61607; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 22 DaysThis YearMar 2025 | ||
| 28 Days1 year agoMar 2024 | -21.5 % Change YoYMar 2024 – Mar 2025 |
Summary: Homes in 61607 had an average listing age of 22 days in Mar 2025, down by 21.5% compared to the previous year.
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Newest Listings in 61607, IL
What homes are available in 61607, IL?
6 days on Rocket
$1,543 Closing Credit¹
#PA1257077, Tonya Crawford, Listing Office: R & R Realty
$1,186 Closing Credit¹
#PA1256813, Rickey Mathis, Listing Office: The Real Estate Group Inc.
$926 Closing Credit¹
#PA1256799, Danielle Amey, Listing Office: Jim Maloof Realty, Inc.
$1,069 Closing Credit¹
#PA1256593, Dylan Force, Listing Office: Freedom Realty
#PA1256258, Ric Krupps, Listing Office: RE/MAX Traders Unlimited
Backup offers
$1,483 Closing Credit¹
#PA1256162, Shellie Wilkes, Listing Office: Jim Maloof Realty, Inc.
$1,602 Closing Credit¹
#PA1256127, Mark Duffer, Listing Office: Jim Maloof Realty, Inc.
Backup offers
$771 Closing Credit¹
#PA1254388, Brandy Rubel, Listing Office: RE/MAX Traders Unlimited
Backup offers
$1,769 Closing Credit¹
#PA1254040, Sandi Beck, Listing Office: RE/MAX Traders Unlimited
#PA1250752, Kelly Rupp, Listing Office: Coldwell Banker Real Estate Group
#PA1201261, Ric Krupps, Listing Office: Re/Max Traders Unlimited
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MLS Disclaimers and Copyright
Based on information from RMLS Alliance, for the period 04/01/2023 - 04/01/2025
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: 4/17/2025, 12:50:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.