Peoria is starting 2026 with more inventory, softer pricing, and longer timelines on both the sales and rental sides. The data continues to reflect a market adjusting to higher supply and steady mortgage rates.
📊 Sales Market – More Options, Slower Pace
- Active Listings: 832 (+10.1% YoY)
- Median Sold Price per SF: $253.68 (-6.6% YoY)
- Average Days on Market: 83 (+21% YoY)
- 30-Year Mortgage Rate: 6.11%
What it means:
- Inventory growth is giving buyers more negotiating power.
- Price per square foot continues to soften year-over-year.
- Homes are taking significantly longer to sell compared to last year.
Peoria is clearly in a more balanced — and slightly buyer-leaning — environment compared to early 2025. Sellers need sharp pricing and strong presentation to win.
🏠 Rental Market – Supply Rising, Rents Softening
- Active Rental Listings: 175 (+18.2% YoY)
- Median Rented Price per SF: $1.18 (-2.9% YoY)
- Median Days on Market: 43 (+11.7% YoY)
What it means:
- Rental inventory has increased substantially.
- Rent growth is negative year-over-year.
- Leasing timelines are stretching.
For landlords, this reinforces the importance of competitive pricing and proactive marketing. The days of “list it high and wait” are behind us.
🎯 Bottom Line
Peoria’s January numbers reflect:
- Rising inventory
- Moderating prices
- Longer market times
This is not a distressed market — but it is a normalized one.
Buyers have leverage.
Sellers need strategy.
Landlords need precision.
If you’d like help navigating what this means for your specific property in Peoria, let’s run the numbers together.