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Peoria Standard

Friday, April 26, 2024

Q3 real estate sales report: South Pekin

Re 6

Median prices declined in South Pekin over last year, and are down 44.6 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 6 homes sold in South Pekin for a median price of $49,950. That's 31.5 percent lower than median home sale prices for the third quarter of 2017.

In the third quarter, there were no foreclosures in South Pekin.

Median property tax for homeowners in South Pekin was $1,514.93 in 2016 according to tax data from that year. That means homeowners pay 1.8 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.

South Pekin real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
9
$90,090
-
2010
3
$51,300
-43.1%
2011
3
$98,310
91.6%
2012
3
$74,120
-24.6%
2013
3
$76,680
3.5%
2014
4
$46,905
-38.8%
2015
6
$65,667
40%
2016
6
$84,998
29.4%
2017
4
$72,930
-14.2%
2018
6
$49,950
-31.5%

Median property tax
Median sale price
Effective property tax rate
2009
$2,026.41
$90,090
2.2%
2010
$1,110.77
$51,300
2.2%
2011
$1,980.79
$98,310
2%
2012
$1,476.88
$74,120
2%
2013
$1,309.34
$76,680
1.7%
2014
$1,653.49
$46,905
3.5%
2015
$1,966.72
$65,667
3%
2016
$1,514.92
$84,998
1.8%

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