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Peoria Standard

Saturday, November 23, 2024

Pekin (Tazewell County) home prices rise in the third quarter of 2017

Realestate3

The median sale price of a home sold in the third quarter of 2017 in Pekin in Tazewell County rose by $18,000 while total sales increased by 20.7%, according to BlockShopper.com.

From July through September of 2017, there were 169 homes sold, with a median sale price of $100,000 - a 22% increase over the $82,000 median sale price for the same period of the previous year. There were 140 homes sold in Pekin in the third quarter of 2016.

The median sales tax in Pekin for the most recent year with available data, 2016, was $2,015.50, approximately 2% of the median home sale price for the third quarter of 2017.

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

CityJuly - Sept. 2017 Home SalesJuly - Sept. 2016 Home Sales% change (Total Home Sales)July - Sept. 2017 Median Sales PriceJuly - Sept. 2016 Median Sales Price% change (Median Sales Price)
Green Valley48-50%$162,550$97,00067.6%
Hopedale12850%$157,000$102,40053.3%
Mackinaw16156.7%$135,000$115,00017.4%
East Peoria1261250.8%$133,250$128,0004.1%
Minier10825%$126,200$129,950-2.9%
Pekin16914020.7%$100,000$82,00022%
Marquette Heights911-18.2%$90,000$87,5002.9%
North Pekin7475%$82,500$53,50054.2%
Delavan165220%$82,500$65,00026.9%
South Pekin46-33.3%$71,500$80,950-11.7%
Armington13-66.7%$70,000$128,500-45.5%
* This story only considers sales data for the part of Pekin that is in Tazewell County.

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