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Peoria Standard

Thursday, November 28, 2024

South Pekin home prices fall in October 2018

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The median sale price of a home sold in October 2018 in South Pekin fell by $53,450 while total sales decreased by 50%, according to BlockShopper.com.

In October 2018, there were two homes sold, with a median sale price of $27,250 - a 66.2% decrease over the $80,700 median sale price for the same period of the previous year. There were four homes sold in South Pekin in October 2017.

The median sales tax in South Pekin for the most recent year with available data, 2016, was $1,315, approximately 4.8% of the median home sale price for October 2018.

The following table compares South Pekin to other Tazewell County cities with similar median sales prices in October 2018:

CityOct. 2018 Home SalesOct. 2017 Home Sales% change (Total Home Sales)Oct. 2018 Median Sales PriceOct. 2017 Median Sales Price% change (Median Sales Price)
Washington3031-3.2%$139,700$136,0002.7%
Green Valley220%$134,750$191,000-29.5%
East Peoria322814.3%$124,500$116,2507.1%
North Pekin23-33.3%$110,500$69,00060.1%
Deer Creek21100%$94,000$115,000-18.3%
Pekin4752-9.6%$87,000$89,950-3.3%
Creve Coeur134225%$68,000$46,00047.8%
Marquette Heights37-57.1%$47,000$82,000-42.7%
South Pekin24-50%$27,250$80,700-66.2%
Delavan17-85.7%$20,000$130,000-84.6%
Hopedale10-$20,000$0-

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