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Peoria Standard

Tuesday, November 26, 2024

Q2 real estate sales report: West Peoria

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Median prices declined in West Peoria over last year, and are down 29.5 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 28 homes sold in West Peoria for a median price of $65,000. That's 15.3 percent lower than median home sale prices for the second quarter of 2017.

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

Median property tax for homeowners in West Peoria was $1,878.70 in 2017 according to tax data from that year. That means homeowners pay 2.4 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

West Peoria real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
28
$92,138
-
2010
28
$84,930
-7.8%
2011
16
$64,707
-23.8%
2012
16
$84,190
30.1%
2013
20
$92,880
10.3%
2014
16
$71,232
-23.3%
2015
28
$87,980
23.5%
2016
23
$84,000
-4.5%
2017
26
$76,755
-8.6%
2018
28
$65,000
-15.3%

Median property tax
Median sale price
Effective property tax rate
2009
$1,988.69
$92,138
2.2%
2010
$1,852.31
$84,930
2.2%
2011
$1,502.05
$64,707
2.3%
2012
$1,910.87
$84,190
2.3%
2013
$1,911.53
$92,880
2.1%
2014
$1,527.02
$71,232
2.1%
2015
$2,212.28
$87,980
2.5%
2016
$2,032.75
$84,000
2.4%
2017
$1,878.69
$76,755
2.4%

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