Is Pekin, IL 61555 a buyer’s or seller’s market?
Pekin is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Pekin housing market right now
In the three months ending August 31, 2026, 0% of homes in Pekin, IL 61555 sold above their list price and the typical home went under contract in 25 days. With only 1 sale, these figures can swing a lot from month to month.
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Where Pekin is
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Questions about Pekin real estate
How fast do homes sell in Pekin?
The typical home went under contract in 25 days in the latest three months.
Do homes in Pekin sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.6% of the list price.
What is the median home price in Pekin?
The median sale price was $139,939 in the three months ending August 31, 2026, about $66 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology