New - 18 hours on Rocket
$8,016 Closing Credit¹
#PA1256121, Lisa Crocker, Listing Office: Keller Williams Premier Realty
Northwest Peoria Housing Market Report January 2025•Peoria County, Illinois
Housing Prices in Northwest Peoria, IL
How much do homes in Northwest Peoria, IL cost?
Housing Market Conditions
Is Northwest Peoria, IL a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Northwest Peoria is a Seller's Market
Difference Since January 2024
Since last year, Northwest Peoria has remained a Seller's Market.
Insight
Northwest Peoria is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$227,500$106/SqFt
+$12,500
+5.8%
Based on all homes sold in the last 12 months
Insight
Homes in Northwest Peoria have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Northwest Peoria was $227,500 in January 2025, up 5.8% from last year, and the median price per square foot was $106.
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $56K | $72.4K | +29.4% |
| 22 Bedrooms | $112K | $120K | +7.1% |
| 33 Bedrooms | $187K | $216K | +15.5% |
| 44 Bedrooms | $253.7K | $299.9K | +18.2% |
| 55+ Bedrooms | $430K | $420K | -2.3% |
Summary: Northwest Peoria housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +29.4%. The home price for 2 bedroom homes increased by +7.1%. The home price for 3 bedroom homes increased by +15.5%. The home price for 4 bedroom homes increased by +18.2%. The home price for 5 bedroom homes decreased by -2.3%.
Housing supply in Northwest Peoria, IL
How many homes are available in Northwest Peoria, IL?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 38Last MonthJan 2025 | ||
| 482 months agoDec 2024 | -20.8 % Change MoMDec – Jan |
Summary: The Northwest Peoria real estate market had 38 homes for sale in Jan 2025, a 20.8 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 8Last MonthJan 2025 | ||
| 242 months agoDec 2024 | -66.7 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 4 | 2 | -50.0% |
| 22 Bedrooms | 14 | 16 | +14.3% |
| 33 Bedrooms | 12 | 11 | -8.3% |
| 44 Bedrooms | 13 | 6 | -53.8% |
| 55+ Bedrooms | 5 | 3 | -40.0% |
Summary: Northwest Peoria housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -50.0%. The inventory for 2 bedroom homes increased by +14.3%. The inventory for 3 bedroom homes decreased by -8.3%. The inventory for 4 bedroom homes decreased by -53.8%. The inventory for 5 bedroom homes decreased by -40.0%.
Asking Price vs. Sold Price
How much do homes in Northwest Peoria, IL cost?
Over Asking Price2 Homes
At Asking Price2 Homes
Under Asking Price4 Homes
Insight
If you're buying a home in Northwest Peoria, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Northwest Peoria in January 2025, down by 66.7% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and and 25% were sold over asking.
Days on Market for Northwest Peoria, IL
How long does it take to sell a home in Northwest Peoria, IL?
Breakdown of Home Sale Times
Under 30 Days6 Homes
30 – 90 Days1 Home
Over 90 Days1 Home
Insight
Many homes in Northwest Peoria are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 8 homes were sold in Northwest Peoria; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 28 DaysThis YearJan 2025 | ||
| 31 Days1 year agoJan 2024 | -8.4 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Northwest Peoria had an average listing age of 28 days in Jan 2025, down by 8.4% compared to the previous year.
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Newest Listings in Northwest Peoria, IL
What homes are available in Northwest Peoria, IL?
$713 Closing Credit¹
#PA1255925, Venky Basam, Listing Office: Keller Williams Premier Realty
Backup offersVideo tour
$6,472 Closing Credit¹
#PA1255889, Mark Monge, Listing Office: Jim Maloof Realty, Inc.
$6,886 Closing Credit¹
#PA1255870, Ric Krupps, Listing Office: RE/MAX Traders Unlimited
3D tour
$949 Closing Credit¹
#PA1255848, Ryan Deiss, Listing Office: Keller Williams Revolution Mac
$4,630 Closing Credit¹
#PA1255793, Brian Monge, Listing Office: Jim Maloof Realty, Inc.
$5,580 Closing Credit¹
#PA1255756, Ric Krupps, Listing Office: RE/MAX Traders Unlimited
$1,305 Closing Credit¹
#PA1255652, Jordan Myers, Listing Office: EXP Realty, LLC
$2,791 Closing Credit¹
#PA1255453, William Molleck, Listing Office: RE/MAX Traders Unlimited
Backup offers
$1,186 Closing Credit¹
#PA1255402, Victoria Stiel, Listing Office: RE/MAX Traders Unlimited
$949 Closing Credit¹
#PA1255111, Tamara Krupps, Listing Office: RE/MAX Traders Unlimited
$2,423 Closing Credit¹
#PA1255037, Julia Chan, Listing Office: Coldwell Banker Real Estate Group
Nearby markets
Nearby markets aren't available for Northwest Peoria, IL
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MLS Disclaimers and Copyright
Based on information from RMLS Alliance, for the period 02/01/2023 - 02/01/2025
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: 2/22/2025, 2:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.