ZIP 61529 Housing Market & Real Estate Update (Elmwood, IL) – February 23, 2026
61529 – February 23, 2026 – Elmwood, IL market check: prices rose on recent sales, inventory stays tight (mid-teens listings), and lots remain available.
ZIP 61529 (Elmwood, Illinois; Peoria County) is showing a fast-moving, small-sample market where a handful of sales can swing the averages.
Top takeaways
- Recent closed-sale pricing looks higher: Redfin shows a January 2026 median sale price around $183,750, up 31.7% year-over-year.
- Homes are selling faster (per Redfin): about 19 days median days on market in January 2026, with 6 homes sold.
- Inventory is still limited: current active listings vary by platform, roughly 16–21 homes/land listings in the ZIP.
Market snapshot (last 30 days / latest available)
Pricing & pace: Redfin’s ZIP-level trend page indicates the median sale price in January 2026 was $183,750 (up 31.7% YoY) and median days on market were 19, with 6 closed sales. Redfin also characterizes 61529 as very competitive, with an average sale-to-list ratio shown near 97.9% for January 2026.
Inventory (why the numbers differ): Zillow’s ZIP 61529 results page showed 16 for-sale results (as of the timestamp on the page). Realtor.com’s search results page showed 19 matching properties, while Realtor.com’s ZIP overview cited 21 homes listed. Different data sources (MLS feeds, timing, and filters like land/auction) can easily explain the spread—especially in a rural ZIP with fewer listings.
One caution for locals: Realtor.com’s ZIP overview page reflects an October 2025 reporting period with a much lower median sale price figure. Treat that as a different time slice, not a contradiction—small markets can look very different month to month depending on which homes sold.
What’s for sale nearby (no addresses)
From the current ZIP-level search pages, the mix today looks like:
- Single-family homes ranging from roughly the high-$100Ks into the $500K+ tier (including at least one larger home near the $500K mark).
- Buildable lots commonly listed under $50K, with several small parcels clustered in that price band.
- Occasional special situations (for example, an auction-style listing appearing on the Zillow results page), which can affect perceived ‘inventory’ without reflecting typical resale supply.
ServiceXTC local pros (real-estate-adjacent)
No verified ServiceXTC directory pages for local providers in ZIP 61529 were available to include in today’s update. If you’re a local inspector, roofer, remodeler, HVAC tech, plumber, electrician, or mover, make sure your ServiceXTC listing is up to date so buyers and sellers can find you during transaction season.
What are you seeing right now in 61529: more price cuts, or are the good homes still going quickly?
Sources
https://www.redfin.com/zipcode/61529/housing-market
https://www.realtor.com/realestateandhomes-search/61529/overview
https://www.zillow.com/elmwood-il-61529/
https://www.realtor.com/realestateandhomes-search/61529
https://www.zip-codes.com/zip-code/61529/zip-code-61529.asp