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Peoria Standard

Friday, November 22, 2024

South Pekin home prices fall in the third quarter of 2017

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The median sale price of a home sold in the third quarter of 2017 in South Pekin fell by $9,450 while total sales decreased by 33.3%, according to BlockShopper.com.

From July through September of 2017, there were four homes sold, with a median sale price of $71,500 - a 11.7% decrease over the $80,950 median sale price for the same period of the previous year. There were six homes sold in South Pekin in the third quarter of 2016.

The median sales tax in South Pekin for the most recent year with available data, 2016, was $1,314.50, approximately 1.8% of the median home sale price for the third quarter of 2017.

The following table compares South 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)
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%
Creve Coeur312524%$69,400$55,00026.2%

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