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Peoria Standard

Thursday, November 21, 2024

Q1 real estate sales report: North Pekin

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Median prices rose in North Pekin over last year, and are up 88.6 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 3 homes sold in North Pekin for a median price of $119,990. That's 34.4 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, there were no foreclosures in North Pekin.

Median property tax for homeowners in North Pekin was $1,640.53 in 2016 according to tax data from that year. That means homeowners pay 2.9 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.

North Pekin real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
4
$63,619
-
2010
5
$68,286
7.3%
2011
2
$114,695
68%
2012
7
$85,020
-25.9%
2013
2
$38,610
-54.6%
2014
7
$72,080
86.7%
2015
2
$40,545
-43.8%
2016
8
$56,700
39.8%
2017
6
$89,250
57.4%
2018
3
$119,990
34.4%

Median property tax
Median sale price
Effective property tax rate
2009
$1,033.73
$63,619
1.6%
2010
$1,249.91
$68,286
1.8%
2011
$2,194.97
$114,695
1.9%
2012
$1,058.73
$85,020
1.2%
2013
$1,013.81
$38,610
2.6%
2014
$1,749.40
$72,080
2.4%
2015
$1,047.14
$40,545
2.6%
2016
$1,640.53
$56,700
2.9%

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