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Peoria Standard

Wednesday, April 24, 2024

Heritage Lake home prices fall in February 2020

Re 9

The median sale price of a home sold in February 2020 in Heritage Lake fell by $64,600 while total sales decreased by 50%, according to BlockShopper.com.

In February 2020, there were two homes sold, with a median sale price of $107,450 - a 37.5% decrease over the $172,050 median sale price for the same period of the previous year. There were four homes sold in Heritage Lake in February 2019.

The median sales tax in Heritage Lake for the most recent year with available data, 2018, was $4,364, approximately 4.1% of the median home sale price for February 2020.

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

CityFeb. 2020 Home SalesFeb. 2019 Home Sales% change (Total Home Sales)Feb. 2020 Median Sales PriceFeb. 2019 Median Sales Price% change (Median Sales Price)
Morton716-56.3%$207,000$154,75033.8%
Washington1921-9.5%$176,000$138,00027.5%
Tremont46-33.3%$160,950$126,50027.2%
Minier10-$155,000$0-
East Peoria1822-18.2%$123,500$96,50028%
Heritage Lake24-50%$107,450$172,050-37.5%
Pekin332626.9%$97,500$111,000-12.2%
Creve Coeur25-60%$88,250$109,900-19.7%
Delavan30-$83,000$0-
South Pekin21100%$62,025$30,000106.8%
Armington10-$52,500$0-

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