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Peoria Standard

Thursday, April 25, 2024

Heritage Lake home prices fall in 2019

Re 9

The median sale price of a home sold in 2019 in Heritage Lake fell by $24,000 while total sales increased by 61.1%, according to BlockShopper.com.

From January through December of 2019, there were 29 homes sold, with a median sale price of $146,000 - a 14.1% decrease over the $170,000 median sale price for the previous year. There were 18 homes sold in Heritage Lake in 2018.

The median sales tax in Heritage Lake for the most recent year with available data, 2018, was $4,364, approximately 3% of the median home sale price for 2019.

The following table compares Heritage Lake to other Tazewell County cities with similar median sales prices in 2019:

CityJan. - Dec. 2019 Home SalesJan. - Dec. 2018 Home Sales% change (Total Home Sales)Jan. - Dec. 2019 Median Sales PriceJan. - Dec. 2018 Median Sales Price% change (Median Sales Price)
Morton297315-5.7%$175,000$181,250-3.4%
Washington329389-15.4%$165,000$155,0006.5%
Tremont6269-10.1%$162,500$158,0002.8%
Heritage Lake291861.1%$146,000$170,000-14.1%
Mackinaw514221.4%$137,000$157,500-13%
Deer Creek911-18.2%$130,000$108,00020.4%
East Peoria461463-0.4%$128,000$119,0007.6%
Green Valley2328-17.9%$124,000$88,45040.2%
Minier34326.3%$120,000$79,40051.1%
Hopedale302142.9%$108,700$118,560-8.3%
Delavan453721.6%$94,750$74,00028%

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