Peoria, IL 61607

Flip Market Report

Successfully flipping a house depends on a number of different factors including population growth, increasing housing prices and cheap houses for sale. We are analyzing thousands of data points for Peoria, IL. If these factors exist, there is a good chance that a successful flip is possible.

By looking at recent sales data in Peoria County, we've been able to rank it against its peer counties within Illinois. To provide an even fuller picture, we also ranked Illinois against all other US states.

Region Rank in # of Flips Rank in Flip Profit
Illinois #15th in US
#18th in US
Peoria County #14th in IL
#20th in IL

Number of Flips: We identify house flips as houses that are bought and sold within 12 months excluding forclosures, REOs and multi-parcel sales.

Flip Profit: The profit is the gross margin calculated by subtracting the original purchase price from the new resale price.

61607 Historical Monthly Listing Prices

Latest Median Sale Price

$ 99,900

-0.02% YoY Change
Peoria Historical Monthly Home Sales

Latest Monthly Sales Count

279

List Price /sqft

$79

-0% from last quarter

Reduced Listings /Month

8

-0.5% from last quarter

Avg. Days on Market

81

0.13% from last year

Average Home Sqft

$1,399

-0.15% from last year

Population Rank

In order to successfully flip houses, you need the population of the area to be trending northward, which does not appear to be the case with Peoria County. This does not mean a flip wouldn't be successful, but it may be slightly harder to find a buyer.

Region Population Change YoY Rank
Illinois 12,741,080 -0.35% #6th in US
Peoria County 180,621 -1.07% #12th in IL
61607 10,941 #54th in IL
Home Searches

FlipMarket is the industry standard for providing you the exact data needed to see if flipping a house will be successful. To find properties for sale that may fit your budget and be house flipping candidates, check this list of popular searches.

Array
(
    [zip_id] => 12177
    [country] => USA
    [zip] => 61607
    [city] => Peoria
    [state] => Illinois
    [state_abbr] => IL
    [county] => Peoria
    [dma] => 675
    [latitude] => 40.6222
    [longitude] => -89.6739
    [timezone] => -6
    [timezone_dst] => 1
    [dttm] => 2019-09-30
    [postal_code] => 61607
    [zip_name] => peoria, il
    [flag] => 
    [median_listing_price] => 102050
    [median_listing_price_mm] => -0.0719
    [median_listing_price_yy] => -0.1833
    [active_listing_count] => 59
    [active_listing_count_mm] => -0.0328
    [active_listing_count_yy] => 0.1346
    [median_days_on_market] => 81
    [median_days_on_market_mm] => 0.2656
    [median_days_on_market_yy] => 0.125
    [new_listing_count] => 12
    [new_listing_count_mm] => -0.25
    [new_listing_count_yy] => 2
    [price_increased_count] => 0
    [price_increased_count_mm] => 
    [price_increased_count_yy] => 
    [price_reduced_count] => 8
    [price_reduced_count_mm] => -0.5
    [price_reduced_count_yy] => 0
    [pending_listing_count] => 16
    [pending_listing_count_mm] => -0.2
    [pending_listing_count_yy] => 0.6
    [median_listing_price_per_square_feet] => 79
    [median_listing_price_per_square_feet_mm] => -0.001
    [median_listing_price_per_square_feet_yy] => 0.0174
    [median_square_feet] => 1399
    [median_square_feet_mm] => -0.0036
    [median_square_feet_yy] => -0.1475
    [average_listing_price] => 125795
    [average_listing_price_mm] => -0.0487
    [average_listing_price_yy] => -0.1704
    [total_listing_count] => 75
    [total_listing_count_mm] => -0.0741
    [total_listing_count_yy] => 0.2712
    [pending_ratio_mm] => -0.0567
    [pending_ratio_yy] => 0.0789
    [RegionID] => 85074
    [RegionName] => 61607
    [State] => IL
    [Metro] => Peoria
    [County] => Peoria County
    [City] => Bartonville
    [SizeRank] => 823
    [Zhvi] => 109500
    [MoM] => -0.00273224
    [QoQ] => -0.00182315
    [YoY] => -0.0152878
    [5Year] => -0.00199711
    [10Year] => -0.000182465
    [PeakMonth] => 2018-11
    [PeakQuarter] => 2018-Q4
    [PeakZHVI] => 112800
    [PctFallFromPeak] => -0.0292553
    [LastTimeAtCurrZHVI] => 2018-08
    [flips] => 6968
    [purchase_price] => 111282
    [resale_price] => 193723
    [gross_margin] => 82442
    [flipcount_rank] => 15
    [flipmargin_rank] => 18
    [counties] => 102
    [zip_population] => 10941
    [zip_rank] => 354
    [state_population] => 12741080
    [state_rank] => 6
    [state_difference] => -0.35284
    [list_prices] => ",,,,119900,114900,121275,119000,102400,106950,116900,106950,119900,104900,116900,117400,129900,139900,133900,121900,117700,116950,112000,114900,114900,114900,114900,114900,114900,112450,114900,109900,104900,101250,110000,114900,114950,117400,109950,104900,109200,114900,118900,114900,113700,119900,119900,124900,119900,124900,130200,129900,129900,129900,129900,129900,128900,129900,119900,119900,124900,124900,129900,119900,114900,115700,114950,114900,124900,121950,109900,119400,119950,119900,123450,120950,124900,120950,119900,122000,124900,119900,114900,106150,102900,112400,122000,129900,114900,123900,129900,129900,132400,129900,123450,119950,116700,109900,107250,114900,114900,119900,124900,124900,124900,128900,125000,119900,109900,100950,105000,102450,104900,109900,109900,109900,102900,99900,102450,99900"
    [list_prices_exploded] => Array
        (
            [0] => 
            [1] => 
            [2] => 
            [3] => 
            [4] => 119900
            [5] => 114900
            [6] => 121275
            [7] => 119000
            [8] => 102400
            [9] => 106950
            [10] => 116900
            [11] => 106950
            [12] => 119900
            [13] => 104900
            [14] => 116900
            [15] => 117400
            [16] => 129900
            [17] => 139900
            [18] => 133900
            [19] => 121900
            [20] => 117700
            [21] => 116950
            [22] => 112000
            [23] => 114900
            [24] => 114900
            [25] => 114900
            [26] => 114900
            [27] => 114900
            [28] => 114900
            [29] => 112450
            [30] => 114900
            [31] => 109900
            [32] => 104900
            [33] => 101250
            [34] => 110000
            [35] => 114900
            [36] => 114950
            [37] => 117400
            [38] => 109950
            [39] => 104900
            [40] => 109200
            [41] => 114900
            [42] => 118900
            [43] => 114900
            [44] => 113700
            [45] => 119900
            [46] => 119900
            [47] => 124900
            [48] => 119900
            [49] => 124900
            [50] => 130200
            [51] => 129900
            [52] => 129900
            [53] => 129900
            [54] => 129900
            [55] => 129900
            [56] => 128900
            [57] => 129900
            [58] => 119900
            [59] => 119900
            [60] => 124900
            [61] => 124900
            [62] => 129900
            [63] => 119900
            [64] => 114900
            [65] => 115700
            [66] => 114950
            [67] => 114900
            [68] => 124900
            [69] => 121950
            [70] => 109900
            [71] => 119400
            [72] => 119950
            [73] => 119900
            [74] => 123450
            [75] => 120950
            [76] => 124900
            [77] => 120950
            [78] => 119900
            [79] => 122000
            [80] => 124900
            [81] => 119900
            [82] => 114900
            [83] => 106150
            [84] => 102900
            [85] => 112400
            [86] => 122000
            [87] => 129900
            [88] => 114900
            [89] => 123900
            [90] => 129900
            [91] => 129900
            [92] => 132400
            [93] => 129900
            [94] => 123450
            [95] => 119950
            [96] => 116700
            [97] => 109900
            [98] => 107250
            [99] => 114900
            [100] => 114900
            [101] => 119900
            [102] => 124900
            [103] => 124900
            [104] => 124900
            [105] => 128900
            [106] => 125000
            [107] => 119900
            [108] => 109900
            [109] => 100950
            [110] => 105000
            [111] => 102450
            [112] => 104900
            [113] => 109900
            [114] => 109900
            [115] => 109900
            [116] => 102900
            [117] => 99900
            [118] => 102450
            [119] => 99900
        )

)
Array
(
    [county_name] => Peoria
    [state] => Illinois
    [state_fips] => 17
    [county_fips] => 17143
    [dma] => 675
    [metro_name] => Peoria, IL
    [cbsa_name] => Peoria, IL
    [county_region_id_zillow] => 1314
    [metro_region_id_zillow] => 394972
    [fips] => 17143
    [cbsa_code] => 37900
    [population_prior] => 182578
    [population] => 180621
    [rank] => 12
    [difference] => -1.071870653
    [region_id] => 1314
    [sale_counts] => "293,303,307,299,310,291,307,279,256,227,213,219,207,208,194,203,206,214,224,230,250,237,207,209,231,269,274,257,220,181,173,174,177,175,189,198,199,200,203,206,193,191,193,214,215,214,210,239,253,254,242,233,235,221,236,246,259,245,257,265,278,266,254,236,235,241,253,253,252,253,237,240,224,238,235,261,277,278,281,286,269,263,253,276,274,289,286,299,291,293,297,288,283,267,270,302,310,310,306,306,304,282,271,270,264,271,277,294,294,287,274,275,275,285,283,286,285,295,318,350,344,332,302,307,307,299,300,307,319,295,268,267,275,297,294,282,285,282,306,300,300,279"
    [county] => Peoria
    [flips] => 72
    [purchase_price] => 66250
    [resale_price] => 116500
    [gross_margin] => 50250
    [flipcount_rank] => 14
    [flipmargin_rank] => 20
    [sale_counts_exploded] => Array
        (
            [0] => 293
            [1] => 303
            [2] => 307
            [3] => 299
            [4] => 310
            [5] => 291
            [6] => 307
            [7] => 279
            [8] => 256
            [9] => 227
            [10] => 213
            [11] => 219
            [12] => 207
            [13] => 208
            [14] => 194
            [15] => 203
            [16] => 206
            [17] => 214
            [18] => 224
            [19] => 230
            [20] => 250
            [21] => 237
            [22] => 207
            [23] => 209
            [24] => 231
            [25] => 269
            [26] => 274
            [27] => 257
            [28] => 220
            [29] => 181
            [30] => 173
            [31] => 174
            [32] => 177
            [33] => 175
            [34] => 189
            [35] => 198
            [36] => 199
            [37] => 200
            [38] => 203
            [39] => 206
            [40] => 193
            [41] => 191
            [42] => 193
            [43] => 214
            [44] => 215
            [45] => 214
            [46] => 210
            [47] => 239
            [48] => 253
            [49] => 254
            [50] => 242
            [51] => 233
            [52] => 235
            [53] => 221
            [54] => 236
            [55] => 246
            [56] => 259
            [57] => 245
            [58] => 257
            [59] => 265
            [60] => 278
            [61] => 266
            [62] => 254
            [63] => 236
            [64] => 235
            [65] => 241
            [66] => 253
            [67] => 253
            [68] => 252
            [69] => 253
            [70] => 237
            [71] => 240
            [72] => 224
            [73] => 238
            [74] => 235
            [75] => 261
            [76] => 277
            [77] => 278
            [78] => 281
            [79] => 286
            [80] => 269
            [81] => 263
            [82] => 253
            [83] => 276
            [84] => 274
            [85] => 289
            [86] => 286
            [87] => 299
            [88] => 291
            [89] => 293
            [90] => 297
            [91] => 288
            [92] => 283
            [93] => 267
            [94] => 270
            [95] => 302
            [96] => 310
            [97] => 310
            [98] => 306
            [99] => 306
            [100] => 304
            [101] => 282
            [102] => 271
            [103] => 270
            [104] => 264
            [105] => 271
            [106] => 277
            [107] => 294
            [108] => 294
            [109] => 287
            [110] => 274
            [111] => 275
            [112] => 275
            [113] => 285
            [114] => 283
            [115] => 286
            [116] => 285
            [117] => 295
            [118] => 318
            [119] => 350
            [120] => 344
            [121] => 332
            [122] => 302
            [123] => 307
            [124] => 307
            [125] => 299
            [126] => 300
            [127] => 307
            [128] => 319
            [129] => 295
            [130] => 268
            [131] => 267
            [132] => 275
            [133] => 297
            [134] => 294
            [135] => 282
            [136] => 285
            [137] => 282
            [138] => 306
            [139] => 300
            [140] => 300
            [141] => 279
        )

)

Flip Market uses data engineering + AI to help businesses and individuals successfully flip homes.

© 2024 Flip Market  •  Our Methodology  •  Contact  •  Privacy Policy