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Peoria Standard

Monday, November 25, 2024

North Pekin home prices fall in November 2018

Re 1

The median sale price of a home sold in November 2018 in North Pekin fell by $18,000 while total sales decreased by 50%, according to BlockShopper.com.

In November 2018, there were two homes sold, with a median sale price of $60,000 - a 23.1% decrease over the $78,000 median sale price for the same period of the previous year. There were four homes sold in North Pekin in November 2017.

The median sales tax in North Pekin for the most recent year with available data, 2016, was $1,360, approximately 2.3% of the median home sale price for November 2018.

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

CityNov. 2018 Home SalesNov. 2017 Home Sales% change (Total Home Sales)Nov. 2018 Median Sales PriceNov. 2017 Median Sales Price% change (Median Sales Price)
Delavan4333.3%$128,500$34,000277.9%
Washington2734-20.6%$123,000$136,500-9.9%
Mackinaw18-87.5%$122,500$161,000-23.9%
East Peoria2934-14.7%$106,000$116,500-9%
Hopedale21100%$98,250$96,8001.5%
Pekin4245-6.7%$86,300$89,900-4%
Creve Coeur125140%$75,772.50$64,00018.4%
North Pekin24-50%$60,000$78,000-23.1%
Armington10-$55,000$0-
Marquette Heights19-88.9%$44,790$88,500-49.4%
Minier21100%$14,000$178,000-92.1%

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