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Peoria Standard

Sunday, November 24, 2024

North Pekin home prices rise in the second half of 2017

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The median sale price of a home sold in the second half of 2017 in North Pekin rose by $7,500 while total sales increased by 114.3%, according to BlockShopper.com.

From July through December of 2017, there were 15 homes sold, with a median sale price of $69,000 - a 12.2% increase over the $61,500 median sale price for the same period of the previous year. There were seven homes sold in North Pekin in the second half of 2016.

The median sales tax in North Pekin for the most recent year with available data, 2016, was $1,360, approximately 2% of the median home sale price for the second half of 2017.

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

CityJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Deer Creek10742.9%$144,950$50,000189.9%
Hopedale16156.7%$135,250$112,00020.8%
Mackinaw322152.4%$135,000$143,500-5.9%
Minier151225%$131,000$113,80015.1%
East Peoria215218-1.4%$124,000$118,0005.1%
Pekin30627112.9%$93,750$85,00010.3%
Marquette Heights292138.1%$85,000$87,500-2.9%
South Pekin8714.3%$72,950$70,9002.9%
Delavan312429.2%$72,900$89,000-18.1%
North Pekin157114.3%$69,000$61,50012.2%
Creve Coeur4246-8.7%$64,950$54,95018.2%

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