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Peoria Standard

Tuesday, April 23, 2024

Q4 real estate sales report: West Peoria

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Median prices declined in West Peoria over last year, and are down 31.7 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 26 homes sold in West Peoria for a median price of $60,700. That's 17.3 percent lower than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, there were no foreclosures in West Peoria.

Median property tax for homeowners in West Peoria was $1,947.85 in 2017 according to tax data from that year. That means homeowners pay 2.7 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.

West Peoria real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
34
$88,920
-
2010
15
$94,744
6.5%
2011
3
$51,231
-45.9%
2012
27
$76,300
48.9%
2013
18
$62,100
-18.6%
2014
17
$63,600
2.4%
2015
21
$82,150
29.2%
2016
23
$85,050
3.5%
2017
27
$73,440
-13.7%
2018
26
$60,700
-17.3%

Median property tax
Median sale price
Effective property tax rate
2009
$1,929.10
$88,920
2.2%
2010
$2,060.82
$94,744
2.2%
2011
$1,881.81
$51,231
3.7%
2012
$1,874.87
$76,300
2.5%
2013
$1,662.60
$62,100
2.7%
2014
$1,684.89
$63,600
2.6%
2015
$2,021.54
$82,150
2.5%
2016
$2,202.16
$85,050
2.6%
2017
$1,947.85
$73,440
2.7%

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