Is East Peoria, IL 61611 a buyer’s or seller’s market?
East Peoria is a seller’s market. With about 1.5 months of supply and 53% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 97% of U.S. ZIP codes, and #9 of 464 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The East Peoria housing market right now
In the three months ending August 31, 2026, 53% of homes in East Peoria, IL 61611 sold above their list price, the typical home went under contract in 8 days and there were 1.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 105 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 45%, homes sold about as fast and the median sale price fell 12% to $192,166. Overall, East Peoria is more competitive than a year ago, so tougher for buyers.
Within Tazewell County, homes here sell faster than in 71% of the county’s ZIP codes, and sell more often over asking than in 93%. On our competition score, East Peoria ranks #9 of 464 IL ZIP codes with enough sales (score 92 out of 100).
Nearby, buyers who want less competition could look at Deer Creek 61733 (0% sold over asking) or South Pekin 61564 (0% sold over asking).
Run the numbers for 61611
Nearby markets
Armington 61721 — /sq ftCreve Coeur 61610Seller’s market $102 /sq ftDeer Creek 61733Seller’s market $113 /sq ftDelavan 61734Seller’s market $100 /sq ft Browse all markets →Towns like East Peoria nearby
Find towns like East Peoria in other states →Where East Peoria is
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Questions about East Peoria real estate
Is East Peoria a buyer’s or seller’s market?
A seller’s market: there were 1.5 months of supply in East Peoria, IL 61611 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in East Peoria?
The typical home went under contract in 8 days in the latest three months.
Do homes in East Peoria sell over asking?
53% of homes sold above their original list price, and the typical sale closed at 102.2% of the list price.
What are property taxes in East Peoria?
About 2.11% of a home’s value a year in Tazewell County, or roughly $8,440 on a $400,000 home.
What is the median home price in East Peoria?
The median sale price was $192,166 in the three months ending August 31, 2026, about $115 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