June 2025 Market Snapshot: What’s Hot in Peoria, Tazewell & Woodford Counties

📊 June 2025 Market Snapshot: What’s Hot in Peoria, Tazewell & Woodford Counties

If you’ve been watching the real estate market this summer and wondering what’s really going on—here’s your insider breakdown. As we approach the halfway point of 2025, the Central Illinois market is showing clear trends that both buyers and sellers need to understand.

Whether you’re in Peoria, Tazewell, or Woodford County, here’s what the latest data and on-the-ground activity are telling us—and how it might impact your next move.

🔥 Market Trend #1: Low Inventory, Still Competitive

Inventory remains tight across all three counties, especially in price points under $300K. While we’re seeing a slight uptick in listings compared to last year, demand still outpaces supply in most areas.

Current averages (as of mid-June):

Peoria County: 1.9 months of inventory (seller’s market)
Tazewell County: 2.1 months of inventory
Woodford County: 1.7 months of inventory, particularly tight in Metamora and Germantown Hills

Homes that are priced right and staged well are still moving fast—some in under 7 days, especially if they’re updated and in desirable school districts.

💰 Market Trend #2: Prices Are Stable (With Some Areas Heating Up)

Despite national headlines about “cooling markets,” values in Central Illinois remain steady—and some towns are seeing price gains.

Where we’re seeing upward movement:

Dunlap & North Peoria (newer homes under 10 years old)
Washington (strong demand and limited new construction)
Metamora & Germantown Hills (families targeting top schools)

On average, homes across the tri-county area are selling for 98–101% of list price—a clear sign that buyers are serious and well-qualified.

💸 Market Trend #3: Rates Have Settled—For Now

Interest rates have leveled out in the 6.5%–6.8% range for most conventional loans, and buyers are adapting. While some entry-level buyers are more payment-sensitive, others are choosing to buy now and refinance later.

If rates drop later this year (and some analysts think they might), we could see another surge in buyer demand—making now a strategic time to list before the fall rush.

🏘️ Buyer Behavior: Still Fast, Still Decisive

Central Illinois buyers in June are:

Prioritizing move-in-ready homes to avoid renovation costs
Submitting cleaner offers (fewer contingencies, quicker close dates)
Staying within tight monthly budgets due to insurance and tax increases

I’m coaching my buyer clients to act fast on good homes—but also to look beyond the obvious and explore off-market or overlooked properties. There are still opportunities if you know where to look.

📦 Seller Advice: Stage, Price, and Prepare

Sellers, the ball is still in your court—but the game is changing.

Today’s buyers are choosier, and homes that aren’t presented well are sitting. I’m seeing longer days on market for:

Overpriced listings
Poorly photographed or cluttered homes
Properties that haven’t been updated or maintained

I help my sellers get ahead of this by pricing strategically, staging smartly, and launching with professional marketing that makes your home stand out.

🧠 Final Word: It’s Still a Great Time—If You Have the Right Plan

If you’re waiting for the “perfect” time to make your move in Central IL, this might be it. We’re seeing a unique mix of strong buyer demand, stable pricing, and moderate rates—not a guarantee we’ll have again in the fall.

Whether you’re thinking of buying, selling, or doing both, let’s build a strategy that fits your timing, your budget, and your goals.

📞 309-200-5480
🌐 CallDuvall.com

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