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Peoria Standard

Sunday, November 24, 2024

North Pekin 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 North Pekin fell by $20,000 while total sales increased by 166.7%, according to BlockShopper.com.

From October through December of 2017, there were eight homes sold, with a median sale price of $65,000 - a 23.5% decrease over the $85,000 median sale price for the same period of the previous year. There were three homes sold in North Pekin in the fourth quarter of 2016.

The median sales tax in North Pekin for the most recent year with available data, 2016, was $1,359.90, approximately 2.1% of the median home sale price for the fourth quarter of 2017.

The following table compares North Pekin to other Tazewell 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)
Minier5425%$131,000$97,30034.6%
Heritage Lake660%$130,500$170,750-23.6%
Deer Creek62200%$124,950$83,75049.2%
East Peoria8993-4.3%$115,000$111,5003.1%
Hopedale47-42.9%$94,650$132,000-28.3%
Pekin1371314.6%$81,900$86,500-5.3%
Marquette Heights2010100%$80,950$90,500-10.6%
South Pekin41300%$80,700$36,000124.2%
North Pekin83166.7%$65,000$85,000-23.5%
Delavan1519-21.1%$58,000$93,000-37.6%
Creve Coeur1121-47.6%$51,600$49,0005.3%

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