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Peoria Standard

Sunday, November 24, 2024

West Peoria home prices fall in the fourth quarter of 2017

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The median sale price of a home sold in the fourth quarter of 2017 in West Peoria fell by $9,000 while total sales increased by 17.4%, according to BlockShopper.com.

From October through December of 2017, there were 27 homes sold, with a median sale price of $72,000 - a 11.1% decrease over the $81,000 median sale price for the same period of the previous year. There were 23 homes sold in West Peoria in the fourth quarter of 2016.

The median sales tax in West Peoria for 2017 was $1,748.06. In 2016, the median sales tax was $1,727. This marks an increase of 1.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.4%.

The following table compares West Peoria to other Peoria County cities with similar median sales prices in the fourth quarter of 2017:

CityOct. - Dec. 2017 Home SalesOct. - Dec. 2016 Home Sales% change (Total Home Sales)Oct. - Dec. 2017 Median Sales PriceOct. - Dec. 2016 Median Sales Price% change (Median Sales Price)
Brimfield30-$90,000$0-
Peoria Heights362733.3%$81,450$88,500-8%
Bartonville2737-27%$80,000$103,400-22.6%
Bellevue94125%$74,250$49,00051.5%
Norwood21100%$73,250$25,000193%
Hanna City113266.7%$73,000$105,000-30.5%
West Peoria272317.4%$72,000$81,000-11.1%
Princeville711-36.4%$69,900$95,000-26.4%
Elmwood816-50%$65,000$77,812.50-16.5%
Kingston Mines110%$55,500$88,500-37.3%
Glasford19-88.9%$54,000$78,500-31.2%

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