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Saturday, April 20, 2024

Pekin (Tazewell County) home prices rise in the first half of 2019

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The median sale price of a home sold in the first half of 2019 in Pekin in Tazewell County rose by $5,600 while total sales decreased by 8.4%, according to BlockShopper.com.

From January through June of 2019, there were 239 homes sold, with a median sale price of $88,500 - a 6.8% increase over the $82,900 median sale price for the same period of the previous year. There were 261 homes sold in Pekin in the first half of 2018.

The median sales tax in Pekin for the most recent year with available data, 2016, was $2,016, approximately 2.3% of the median home sale price for the first half of 2019.

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

CityJan. - June 2019 Home SalesJan. - June 2018 Home Sales% change (Total Home Sales)Jan. - June 2019 Median Sales PriceJan. - June 2018 Median Sales Price% change (Median Sales Price)
East Peoria186241-22.8%$129,350$119,0008.7%
Green Valley714-50%$124,000$66,90085.4%
Minier1316-18.8%$120,000$58,450105.3%
Delavan1718-5.6%$114,000$54,511109.1%
Hopedale1214-14.3%$111,200$103,5307.4%
Marquette Heights30300%$93,000$89,0004.5%
Pekin239261-8.4%$88,500$82,9006.8%
North Pekin910-10%$70,000$80,950-13.5%
Creve Coeur2736-25%$68,000$61,9009.9%
South Pekin84100%$60,600.01$25,827.50134.6%
Armington12-50%$35,000$54,750-36.1%
* This story only considers sales data for the part of Pekin that is in Tazewell County.

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