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Peoria Standard

Tuesday, November 26, 2024

Mackinaw home prices fall in the first quarter of 2019

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The median sale price of a home sold in the first quarter of 2019 in Mackinaw fell by $65,000 while total sales increased by 50%, according to BlockShopper.com.

From January through March of 2019, there were 12 homes sold, with a median sale price of $120,000 - a 35.1% decrease over the $185,000 median sale price for the same period of the previous year. There were eight homes sold in Mackinaw in the first quarter of 2018.

The median sales tax in Mackinaw for the most recent year with available data, 2016, was $3,046, approximately 2.5% of the median home sale price for the first quarter of 2019.

The following table compares Mackinaw to other Tazewell County cities with similar median sales prices in the first quarter of 2019:

CityJan. - Mar. 2019 Home SalesJan. - Mar. 2018 Home Sales% change (Total Home Sales)Jan. - Mar. 2019 Median Sales PriceJan. - Mar. 2018 Median Sales Price% change (Median Sales Price)
Heritage Lake51400%$170,000$170,0000%
Washington62620%$150,000$140,0007.1%
Green Valley28-75%$148,543.50$65,000128.5%
Deer Creek24-50%$145,000$147,495-1.7%
Minier35-40%$129,000$59,900115.4%
Mackinaw12850%$120,000$185,000-35.1%
East Peoria72107-32.7%$117,750$112,0005.1%
Delavan312-75%$114,000$46,250146.5%
Hopedale7475%$90,000$124,250-27.6%
Pekin8492-8.7%$88,000$74,00018.9%
Marquette Heights10742.9%$82,450$67,00023.1%

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