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Peoria Standard

Friday, November 22, 2024

Pekin (Tazewell County) home prices fall in January 2017

Realestate2

The median sale price of a home sold in January 2017 in Pekin in Tazewell County fell by $9,500 while total sales decreased by 13.3%, according to BlockShopper.com.

In January 2017, there were 26 homes sold, with a median sale price of $70,500 - a 11.9% decrease over the $80,000 median sale price for the same period of the previous year. There were 30 homes sold in Pekin in January 2016.

The median sales tax in Pekin for the most recent year with available data, 2016, was $2,016, approximately 2.9% of the median home sale price for January 2017.

The following table compares Pekin to other Tazewell County cities with similar median sales prices in January 2017:

CityJan. 2017 Home SalesJan. 2016 Home Sales% change (Total Home Sales)Jan. 2017 Median Sales PriceJan. 2016 Median Sales Price% change (Median Sales Price)
Washington1920-5%$176,500$141,70024.6%
Heritage Lake30-$169,500$0-
North Pekin12-50%$145,000$57,000154.4%
Mackinaw23-33.3%$98,500$200,000-50.8%
East Peoria25244.2%$92,000$123,950-25.8%
Pekin2630-13.3%$70,500$80,000-11.9%
Delavan23-33.3%$66,250$70,000-5.4%
Marquette Heights6450%$65,400$56,50015.8%
Hopedale110%$60,000$140,000-57.1%
Creve Coeur7540%$50,000$78,500-36.3%
Armington20-$42,500$0-
* This story only considers sales data for the part of Pekin that is in Tazewell County.

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