Inventory in Peoria is moderately tight in this rolling three-month view, with about 1,862 active listings and 3.4 months of supply, down sharply from a year ago. Buyer activity has been solid, as homes sold have risen around 9 percent year over year while pending sales are also higher, even as new listings are slightly below last year.
Pricing has eased compared with a year earlier, with the typical home value and median list price both down a bit year over year. Sellers are still getting close to their asking prices, as the average sale-to-list ratio sits just over 98 percent and only about 9 percent of homes close above list, well below last summer’s share.
Time on market has lengthened significantly over the past year, with the median days on market now close to two months compared with roughly six weeks last June, giving buyers more room to evaluate options. Even so, nearly a quarter of homes still go off the market within two weeks, showing that well-priced and well-presented properties can move quickly. Agent Pronto can connect both buyers and sellers with an experienced local agent who understands these trends and can help them navigate the Peoria market with confidence.
