Peoria Heights, IL Housing Market Update (March 4, 2026)
Peoria Heights, IL – March 4, 2026 – A quick look at recent pricing and sales pace from Redfin, what active listings look like on Zillow, and the sub-6% mortgage-rate backdrop.
Peoria Heights, IL entered early 2026 with mixed signals: sale prices were lower than a year earlier, while borrowing costs eased heading toward the spring market. Redfin still characterizes the area as “very competitive,” but the slower pace may give some buyers more room for due diligence and negotiation—especially on homes that need updates.
Market snapshot (Redfin)
- Median sale price: about $123K in January 2026 (down 14.6% year over year).
- Time to sell: 84 median days on market.
- Closed sales: 6 homes sold in January, down from 10 a year earlier.
In practical terms, a “very competitive” label can still coexist with longer marketing times when buyers are selective on condition, layout, or price—particularly in a smaller market where a handful of sales can shift monthly metrics.
What’s for sale right now (Zillow)
- Active results: 12 for-sale listings spanning houses, condos, and a small lot, roughly $14K to about $995K.
- Price points to watch: an entry 2-bed around $129K, several 3-bed options around $175K–$185K, and bluff-area listings near $895K–$995K.
- Condo range: around $419K–$425K.
Mortgage-rate watch (Freddie Mac)
Freddie Mac’s weekly PMMS put the average 30-year fixed rate at 5.98% as of Feb. 26, 2026, dipping below 6% for the first time in years. Even small moves in rates can change monthly payment math, so buyers and sellers may be watching whether that trend holds into spring.