Are Home Prices Peaking? What Central IL Sellers Should Know This Summer

📉 Are Home Prices Peaking? What Central IL Sellers Should Know This Summer

If you’re thinking about selling your home in Peoria, Tazewell, or Woodford County, you’ve probably asked yourself one of the most important (and nerve-wracking) questions of 2025:

“Are we at the top of the market?”

It’s a fair question. And while no one has a crystal ball, there are very real indicators that this summer may be your best shot at maximizing your home’s value—especially if you’ve been sitting on the fence.

Let’s dig into what’s happening right now in the Central IL market, why waiting could cost you, and what smart sellers are doing to stay ahead of the curve.

🔥 What the Market’s Doing Right Now

As of late June 2025, the market across Peoria, Tazewell, and Woodford counties is:

Still strong, but leveling—especially in higher price ranges
Showing stable or slight upward pricing in entry to mid-range homes ($150K–$350K)
Experiencing longer days on market for homes over $400K or homes that aren’t move-in ready
Seeing multiple offers, but not the frenzy of early 2022

We’re in what you’d call a transitional market. It’s still a great time to sell—but sellers who don’t price right or present well are beginning to see slower results.

🧠 Are Prices Really Peaking?

Short answer? They might be—at least for this cycle.

Home values in Central IL have appreciated steadily since 2020. But interest rates have risen, affordability is tightening, and buyer fatigue is setting in for some segments of the market. That means:

The number of serious buyers is still solid, but slightly down from last year
Appraisal gaps and cash-over-asking deals are less common
Price reductions are popping up more frequently on overpriced listings

If your home is in a desirable area (Dunlap, Metamora, Washington, Morton), you’re still in a strong position—but buyers are getting more selective. The peak isn’t falling off a cliff, but it’s plateauing—and smart sellers are acting now.

💸 What Waiting Could Cost You

Here’s the reality most sellers don’t consider:

If home values flatten or drop slightly later this year, you’re not just losing out on price—you’re losing:

Leverage in negotiations
Buyer urgency
The ability to buy your next home before rates go even higher
Time, if you’re on a timeline to move

Waiting “just to see what happens” might mean a lower sale price and fewer homes to choose from when you’re ready to buy again.

✅ How to Maximize This Summer Window

Sellers who are winning right now are doing these three things:

Pricing smart — Not low, but realistic. I analyze current pendings and buyer behavior to find the pricing “sweet spot” that draws strong offers without scaring off serious buyers.
Prepping their homes — Clean, staged, and photo-ready homes sell faster and for more. You don’t need a remodel—you need the right presentation. (And I help with that.)
Marketing with muscle — Generic MLS listings don’t cut it. I create custom marketing campaigns using professional photos, social media promotion, and smart agent-to-agent networking to get your home in front of more qualified buyers.

📍 The Bottom Line

If you’re even thinking about selling in the next 6–12 months, now is the time to talk strategy. You may be sitting on the most equity you’ll ever have—and one decision can make a five-figure difference.

Let’s talk through your options. No pressure. No pushy sales pitch. Just real numbers, smart timing, and a custom game plan for your goals.

📞 309-200-5480
🌐 CallDuvall.com

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