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Peoria Standard

Friday, April 19, 2024

Q1 real estate sales report: West Peoria

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Median prices declined in West Peoria over last year, and are down 19.9 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 23 homes sold in West Peoria for a median price of $67,500. That's 5.3 percent lower than median home sale prices for the first quarter of 2017.

In the first quarter, there were no foreclosures in West Peoria.

Median property tax for homeowners in West Peoria was $1,960.70 in 2016 according to tax data from that year. That means homeowners pay 2.7 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.

West Peoria real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
15
$84,240
-
2010
16
$87,210
3.5%
2011
17
$78,987
-9.4%
2012
12
$84,748
7.3%
2013
14
$73,980
-12.7%
2014
15
$68,900
-6.9%
2015
22
$78,387
13.8%
2016
18
$73,500
-6.2%
2017
21
$71,298
-3%
2018
23
$67,500
-5.3%

Median property tax
Median sale price
Effective property tax rate
2009
$1,694.41
$84,240
2%
2010
$1,857.43
$87,210
2.1%
2011
$1,851.61
$78,987
2.3%
2012
$1,596.35
$84,748
1.9%
2013
$1,525.89
$73,980
2.1%
2014
$1,900
$68,900
2.8%
2015
$2,155.16
$78,387
2.7%
2016
$1,960.69
$73,500
2.7%

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