Photo: Chris Light · CC BY-SA 4.089 homes sold in Peru in the last year, at a typical $162K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Peru homes are listed.
Every place Peru homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Peru.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 93% of Peru’s sales, at a typical $164K
89 homes sold in the year to May 2026.
typical sale · 83 sold in 12 months
- Per square foot
- $132IL $180
- Days to sell
- 62
- Sold over asking
- 30%
- Listings with a price cut
- 26%
Multi-family (2–4 units): 5 sold, typical $173K
Condos: 1 sold, typical $188K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.7 times the 2016 price
89 sales in the last year, against 120 in 2014 and a low of 80 in 2023. The typical sale went from $95K in 2016 to $162K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $150K buys in Peru
Check a listing against what Peru homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Peru are more common than before the pandemic, but 46% fewer homes come up for sale
We read every month of Peru’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 89 sales.
If you’re buying in Peru
- Shop in October. It brings about 11 new listings a month, close to the busiest month, with fewer bidding wars (17% over asking).
- Less room to haggle. Only 25% of listings cut their price, against 30% before the pandemic.
- Offer under asking. Buyers paid 97.2% of the list price on average; 29% paid over.
- Move fast on good ones. Half of homes are under contract within two weeks.
Spring brings the homes; summer brings the bidding wars
April has the most new listings (about 13 a month), but August is the most competitive: 24% of August sales close over asking. October offers nearly as much choice with fewer homes bid up (17%). March has the least competition (11%).
Averages for each calendar month, 2015 on.
Hotter than in 2021, and calmer than Illinois
| Peru now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 29% | 8% | 14% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | 53% | 36% | 51% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 25% | 30% | 29% | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 97.2% | 92.8% | 96.3% | 99.2% |
| Days to sellMedian days from listing to contract | 59 | 50 | 17 | 49 |
16 homes for sale on a typical day
That’s 46% fewer than in 2017–19 and well under 2013’s 57.
1 in 4 listings has cut its price
25% in the last year, against 30% in 2017–19 and 19% across Illinois.
Peru ranks 258th of 324 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Peru is one of the state’s calmer markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Peru home costs about $1,091 a month
Price: Peru’s typical sale, last 12 months. Property tax at Peru’s 1.8% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Peru is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in April
The month with the most choice. December has the fewest, about 5.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $162K home, about $2,940 a year.
Taxes vs. neighborsSchools
The schools grade for Peru, from test results, graduation and how much students grow.
Schools in PeruCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
LaSalle, Spring Valley, Mendota and Princeton sell for less a square foot
The busier markets within 25 miles of Peru, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Ottawa | 249 | $212K | $145 | 31% | 55 |
| LaSalle | 95 | $133K | $114 | 28% | 65 |
| Peru | 89 | $162K | $132 | 29% | 59 |
| Princeton | 87 | $170K | $111 | 16% | 59 |
| Mendota | 55 | $171K | $117 | 35% | 49 |
| Spring Valley | 44 | $145K | $116 | 32% | 66 |
| Oglesby | 34 | $164K | $134 | 41% | 46 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Peru, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Peru. People who follow the town see it, and so do people comparing Peru with their own town. No commission, no listing fee.
Questions about buying a home in Peru
What do homes sell for in Peru, IL?
89 homes sold in the year to May 2026 at a typical $162K, $132 a square foot.
Is Peru a buyer’s or seller’s market?
A seller’s market: 12 homes were for sale in May 2026 and 5 sold, about 2.4 months of supply. Buyers paid 97.2% of asking on average, and 25% of listings cut their price.
When is the best time to buy in Peru?
April brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Peru?
About 1.8% of a home’s value a year. On a $162K home that’s near $2,940.
Where can I see homes for sale in Peru?
Zillow, Redfin, Realtor.com and Homes.com all carry Peru’s MLS listings; the search links above open each one filtered to Peru.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).