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Peoria Standard

Tuesday, April 16, 2024

Q3 real estate sales report: Peoria Heights

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Median prices declined in Peoria Heights over last year, and are up 4.3 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 36 homes sold in Peoria Heights for a median price of $65,000. That's 5.2 percent lower than median home sale prices for the third quarter of 2017.

In the third quarter, there were no foreclosures in Peoria Heights.

Median property tax for homeowners in Peoria Heights was $1,562.85 in 2017 according to tax data from that year. That means homeowners pay 2.3 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.

Peoria Heights real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
20
$62,303
-
2010
14
$83,676
34.3%
2011
10
$79,665
-4.8%
2012
24
$88,731
11.4%
2013
29
$64,800
-27%
2014
26
$80,825
24.7%
2015
27
$93,174
15.3%
2016
31
$89,250
-4.2%
2017
28
$68,595
-23.1%
2018
36
$65,000
-5.2%

Median property tax
Median sale price
Effective property tax rate
2009
$1,778.42
$62,303
2.9%
2010
$2,538.24
$83,676
3%
2011
$1,889.49
$79,665
2.4%
2012
$2,380
$88,731
2.7%
2013
$1,755.32
$64,800
2.7%
2014
$1,970.51
$80,825
2.4%
2015
$2,011.75
$93,174
2.2%
2016
$2,590.01
$89,250
2.9%
2017
$1,562.85
$68,595
2.3%

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