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Peoria Standard

Sunday, November 24, 2024

Q2 real estate sales report: Pekin

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Median prices declined in Pekin over last year, and are down 18.6 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 169 homes sold in Pekin for a median price of $85,000. That's 2 percent lower than median home sale prices for the second quarter of 2017.

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

Median property tax for homeowners in Pekin was $2,331.99 in 2016 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.

Pekin real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
138
$104,423
-
2010
176
$106,405
1.9%
2011
125
$100,570
-5.5%
2012
141
$92,650
-7.9%
2013
173
$98,820
6.7%
2014
174
$99,110
0.3%
2015
167
$103,880
4.8%
2016
221
$96,390
-7.2%
2017
184
$86,700
-10.1%
2018
169
$85,000
-2%

Median property tax
Median sale price
Effective property tax rate
2009
$1,905.54
$104,423
1.8%
2010
$2,090.69
$106,405
2%
2011
$2,037.22
$100,570
2%
2012
$2,096.11
$92,650
2.3%
2013
$2,103.14
$98,820
2.1%
2014
$2,196.97
$99,110
2.2%
2015
$2,402.78
$103,880
2.3%
2016
$2,331.98
$96,390
2.4%

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