Peoria, IL metro area Housing Market Brief
metro · IL · score computed October 2026
What is Peoria, IL metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Population band 5 of 5 (population 278,335–19,798,537) · comparable within its band
Where is Peoria, IL metro area in its market cycle?
Peoria, IL metro area is classified as Growing — strengthening, with scores rising over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Peoria, IL metro area?
Metro-level forecasts are paused (since Oct 18, 2026). The new public-data model we built to replace them didn't pass our accuracy test, and we won't publish forecasts again until a model does.
Peoria, IL metro area housing market data
| Metric | Value | YoY | Source |
|---|---|---|---|
| Median Sale Price | $175K | ▼ -0.2% | Redfin |
| Median Days on Market | 23 days | ▲ +43.8% | Redfin |
| Months of Supply | 2.0 | ▲ +11.1% | Redfin |
| Homes for Sale | 914 | ▲ +12.8% | Redfin |
| Homes Sold | 465 | ▲ +6.2% | Redfin |
| Median Price / Sq Ft | $109 | ▲ +2.1% | Redfin |
How has Peoria, IL metro area’s Alpha Score moved?
Markets like Peoria, IL metro area
- Ottawa, IL metro area, ILmetro50
- Battle Creek, MI metro area, MImetro55
- Huntington, WV metro area, WVmetro59
- Jamestown, NY metro area, NYmetro56
- Springfield, IL metro area, ILmetro60
- Weirton, WV metro area, OHmetro63
- Davenport, IA metro area, IAmetro49
- Youngstown, OH metro area, OHmetro53
- Pottsville, PA metro area, PAmetro60
- Charleston, WV metro area, WVmetro56
Frequently asked questions
Is Peoria, IL metro area a buyer's or seller's market?
In the scores computed October 2026, Peoria, IL metro area is classified as a Balanced Market, based on its Alpha Score of 58 out of 100. The classification reflects current price, building, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Peoria, IL metro area?
The median sale price in Peoria, IL metro area is $175K, having held roughly steady over the past year, according to Redfin.
How affordable is Peoria, IL metro area?
Peoria, IL metro area scores 93 out of 100 on affordability — relatively affordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Peoria, IL metro area's Alpha Score?
Peoria, IL metro area's strongest dimension is Affordability (93/100) and its weakest is Inventory Health (0/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Peoria, IL metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.