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Peoria Standard

Sunday, November 24, 2024

Q2 real estate sales report: North Pekin

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Median prices declined in North Pekin over last year, and are down 9.8 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 7 homes sold in North Pekin for a median price of $73,900. That's 13.7 percent lower than median home sale prices for the second quarter of 2017.

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

Median property tax for homeowners in North Pekin was $1,095.34 in 2016 according to tax data from that year. That means homeowners pay 1.3 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.

North Pekin real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
5
$81,900
-
2010
6
$127,110
55.2%
2011
3
$75,710
-40.4%
2012
5
$136,250
80%
2013
6
$75,330
-44.7%
2014
5
$65,720
-12.8%
2015
7
$116,494
77.3%
2016
6
$85,838
-26.3%
2017
5
$85,680
-0.2%
2018
7
$73,900
-13.7%

Median property tax
Median sale price
Effective property tax rate
2009
$1,523.71
$81,900
1.9%
2010
$2,285.51
$127,110
1.8%
2011
$1,025.72
$75,710
1.4%
2012
$1,445.99
$136,250
1.1%
2013
$1,386.02
$75,330
1.8%
2014
$686.47
$65,720
1%
2015
$1,947.89
$116,494
1.7%
2016
$1,095.33
$85,838
1.3%

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