April 2026
Sales Market
Active Listings: 943 (+1.1% YoY)
→ Inventory is essentially flat compared to last year, giving buyers a healthy number of options without the oversupply concerns seen in some neighboring markets.
Median Sold $/SF: $258.77 (-1.8% YoY)
→ Home prices remain slightly below last year, but the decline has narrowed significantly, suggesting improving pricing stability.
Average Days on Market: 47 (-9.6% YoY)
→ Homes are selling faster than last year, a strong signal that buyer demand has improved meaningfully this spring.
30-Year Mortgage Rate: 6.35%
→ Mortgage rates improved from March, helping provide a modest affordability boost for buyers.
Rental Market
Active Listings: 147 (-6.4% YoY)
→ Rental inventory remains below last year’s levels, keeping supply somewhat tighter for renters.
Median Rented $/SF: $1.22 (-4.7% YoY)
→ Rental pricing remains below last year, suggesting landlords are still competing on price despite tighter inventory.
Median Days on Market: 34 (+9.7% YoY)
→ Rentals are taking slightly longer to lease than last year, indicating somewhat softer renter demand.
Key Takeaways
- Sales inventory remains balanced with no major supply imbalance
- Home prices are stabilizing after earlier softness
- Faster selling timelines point to stronger buyer activity
- Rental inventory remains somewhat constrained
- Rental pricing is still soft, and leasing activity remains slower than last year
- Lower mortgage rates may continue supporting buyer momentum heading into late spring
Overall
Peoria’s April market is showing encouraging improvement, particularly on the sales side. Inventory remains balanced, pricing appears to be stabilizing, and faster selling times suggest buyers are becoming more active. The rental market remains a bit softer, with modestly lower rents and slightly slower leasing activity, but tighter inventory is helping keep conditions relatively balanced. Overall, Peoria looks increasingly healthy as the spring market continues to strengthen.