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Peoria Standard

Sunday, November 24, 2024

Delavan home prices fall in December 2017

Re 11

The median sale price of a home sold in December 2017 in Delavan fell by $34,000 while total sales increased by 66.7%, according to BlockShopper.com.

In December 2017, there were five homes sold, with a median sale price of $70,000 - a 32.7% decrease over the $104,000 median sale price for the same period of the previous year. There were three homes sold in Delavan in December 2016.

The median sales tax in Delavan for the most recent year with available data, 2016, was $2,483, approximately 3.5% of the median home sale price for December 2017.

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

CityDec. 2017 Home SalesDec. 2016 Home Sales% change (Total Home Sales)Dec. 2017 Median Sales PriceDec. 2016 Median Sales Price% change (Median Sales Price)
Morton181612.5%$143,250$146,000-1.9%
Heritage Lake31200%$134,500$185,000-27.3%
Minier12-50%$131,000$113,50015.4%
East Peoria27263.8%$108,000$115,000-6.1%
Creve Coeur27-71.4%$107,500$36,900191.3%
Hopedale3250%$92,500$180,950-48.9%
Mackinaw41300%$87,500$80,0009.4%
Pekin4041-2.4%$73,750$90,500-18.5%
Delavan5366.7%$70,000$104,000-32.7%
Marquette Heights40-$67,250$0-
North Pekin110%$61,000$165,000-63%

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