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Peoria Standard

Sunday, September 29, 2024

Pekin (Tazewell County) home prices fall in the third quarter of 2018

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The median sale price of a home sold in the third quarter of 2018 in Pekin in Tazewell County fell by $5,000 while total sales decreased by 1.2%, according to BlockShopper.com.

From July through September of 2018, there were 167 homes sold, with a median sale price of $95,000 - a 5% decrease over the $100,000 median sale price for the same period of the previous year. There were 169 homes sold in Pekin in the third quarter of 2017.

The median sales tax in Pekin for the most recent year with available data, 2016, was $2,015.50, approximately 2.1% of the median home sale price for the third quarter of 2018.

The following table compares Pekin to other Tazewell County cities with similar median sales prices in the third quarter of 2018:

CityJuly - Sept. 2018 Home SalesJuly - Sept. 2017 Home Sales% change (Total Home Sales)July - Sept. 2018 Median Sales PriceJuly - Sept. 2017 Median Sales Price% change (Median Sales Price)
Hopedale212-83.3%$113,750$157,000-27.5%
Armington21100%$113,550$70,00062.2%
Marquette Heights990%$108,000$90,00020%
Delavan1216-25%$104,000$82,50026.1%
Green Valley94125%$100,178$162,550-38.4%
Pekin167169-1.2%$95,000$100,000-5%
Minier10100%$89,500$126,200-29.1%
North Pekin37-57.1%$85,000$82,5003%
Deer Creek24-50%$69,000$173,000-60.1%
Creve Coeur2131-32.3%$65,000$69,400-6.3%
South Pekin6450%$49,950$71,500-30.1%
* This story only considers sales data for the part of Pekin that is in Tazewell County.

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