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Peoria Standard

Monday, November 25, 2024

South Pekin home prices rise in the first quarter of 2017

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The median sale price of a home sold in the first quarter of 2017 in South Pekin rose by $38,500 while total sales remained unchanged with two homes sold, according to BlockShopper.com.

From January through March of 2017, there were two homes sold, with a median sale price of $57,500 - a 202.6% increase over the $19,000 median sale price for the same period of the previous year. There were two homes sold in South Pekin in the first quarter of 2016, as well.

The median sales tax in South Pekin for the most recent year with available data, 2016, was $1,314.50, approximately 2.3% of the median home sale price for the first quarter of 2017.

The following table compares South Pekin to other Tazewell County cities with similar median sales prices in the first quarter of 2017:

CityJan. - Mar. 2017 Home SalesJan. - Mar. 2016 Home Sales% change (Total Home Sales)Jan. - Mar. 2017 Median Sales PriceJan. - Mar. 2016 Median Sales Price% change (Median Sales Price)
Deer Creek30-$135,000$0-
Green Valley16-83.3%$135,000$104,75028.9%
East Peoria7894-17%$119,250$109,4509%
Mackinaw410-60%$115,825$149,000-22.3%
Delavan78-12.5%$107,500$90,50018.8%
Marquette Heights145180%$88,250$63,00040.1%
North Pekin68-25%$87,500$54,00062%
Pekin7996-17.7%$71,000$96,000-26%
South Pekin220%$57,500$19,000202.6%
Creve Coeur1516-6.3%$54,500$49,25010.7%
Armington3250%$45,000$10,750318.6%

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