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Peoria Standard

Wednesday, April 24, 2024

Q1 real estate sales report: East Peoria

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Median prices declined in East Peoria over last year, and are down 15.3 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 107 homes sold in East Peoria for a median price of $112,000. That's 7.9 percent lower than median home sale prices for the first quarter of 2017.

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

Median property tax for homeowners in East Peoria was $2,889.77 in 2016 according to tax data from that year. That means homeowners pay 2.5 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.

East Peoria real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
60
$132,210
-
2010
71
$114,000
-13.8%
2011
62
$99,440
-12.8%
2012
75
$103,005
3.6%
2013
79
$124,200
20.6%
2014
68
$108,650
-12.5%
2015
74
$116,600
7.3%
2016
94
$114,923
-1.4%
2017
78
$121,635
5.8%
2018
107
$112,000
-7.9%

Median property tax
Median sale price
Effective property tax rate
2009
$3,268.43
$132,210
2.5%
2010
$2,435.99
$114,000
2.1%
2011
$2,032.82
$99,440
2%
2012
$2,742.13
$103,005
2.7%
2013
$3,303.48
$124,200
2.7%
2014
$2,885.34
$108,650
2.7%
2015
$2,980.30
$116,600
2.6%
2016
$2,889.76
$114,923
2.5%

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