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Saturday, March 28, 2020

Pekin (Tazewell County) home prices fall in February 2020

Real Estate

By Metric Media News Service | Mar 7, 2020

Re 8

The median sale price of a home sold in February 2020 in Pekin in Tazewell County fell by $13,500 while total sales increased by 26.9%, according to BlockShopper.com.

In February 2020, there were 33 homes sold, with a median sale price of $97,500 - a 12.2% decrease over the $111,000 median sale price for the same period of the previous year. There were 26 homes sold in Pekin in February 2019.

The median sales tax in Pekin for the most recent year with available data, 2018, was $2,077, approximately 2.1% of the median home sale price for February 2020.

The following table compares Pekin to other Tazewell County cities with similar median sales prices in February 2020:

City
Feb. 2020 Home Sales
Feb. 2019 Home Sales
% change (Total Home Sales)
Feb. 2020 Median Sales Price
Feb. 2019 Median Sales Price
% change (Median Sales Price)
Washington
19
21
-9.5%
$176,000
$138,000
27.5%
Tremont
4
6
-33.3%
$160,950
$126,500
27.2%
Minier
1
0
-
$155,000
$0
-
East Peoria
18
22
-18.2%
$123,500
$96,500
28%
Heritage Lake
2
4
-50%
$107,450
$172,050
-37.5%
Pekin
33
26
26.9%
$97,500
$111,000
-12.2%
Creve Coeur
2
5
-60%
$88,250
$109,900
-19.7%
Delavan
3
0
-
$83,000
$0
-
South Pekin
2
1
100%
$62,025
$30,000
106.8%
Armington
1
0
-
$52,500
$0
-
Green Valley
1
2
-50%
$45,000
$148,543.50
-69.7%
* This story only considers sales data for the part of Pekin that is in Tazewell County.

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Tazewell County Clerk and Recorder

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