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Peoria Standard

Tuesday, April 23, 2024

Q3 real estate sales report: Pekin

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Median prices declined in Pekin over last year, and are down 10.3 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 167 homes sold in Pekin for a median price of $95,000. That's 6.9 percent lower than median home sale prices for the third quarter of 2017.

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

Median property tax for homeowners in Pekin was $2,077.94 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: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
170
$105,885
-
2010
128
$90,288
-14.7%
2011
156
$106,785
18.3%
2012
145
$95,375
-10.7%
2013
152
$101,520
6.4%
2014
160
$109,710
8.1%
2015
158
$111,300
1.4%
2016
140
$86,100
-22.6%
2017
169
$102,000
18.5%
2018
167
$95,000
-6.9%

Median property tax
Median sale price
Effective property tax rate
2009
$1,989.81
$105,885
1.9%
2010
$2,038.27
$90,288
2.3%
2011
$2,184.94
$106,785
2%
2012
$2,178.40
$95,375
2.3%
2013
$2,281.45
$101,520
2.2%
2014
$2,404.45
$109,710
2.2%
2015
$2,284.34
$111,300
2.1%
2016
$2,077.93
$86,100
2.4%

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