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Peoria Standard

Monday, November 25, 2024

Falling home prices in Princeville in March 2022

Realestate077

The median sale price of a home sold in March 2022 in Princeville fell by $22,000 while total sales increased by 50%, according to BlockShopper.com.

In March 2022, there were three homes sold, with a median sale price of $138,000 - a 13.8% decrease over the $160,000 median sale price for the same period of the previous year. There were two homes sold in Princeville in March 2021.

The median sales tax in Princeville for the most recent year with available data, 2019, was $2,690, approximately 1.9% of the median home sale price for March 2022.

The following table compares Princeville to other Peoria County cities with similar median sale prices in March 2022:

CityMar. 2022 Home SalesMar. 2021 Home Sales% change (Total Home Sales)Mar. 2022 Median Sales PriceMar. 2021 Median Sales Price% change (Median Sales Price)
Lake Camelot31200%$199,900$248,000-19.4%
Dunlap13-66.7%$142,900$125,00014.3%
Princeville3250%$138,000$160,000-13.8%
Chillicothe13130%$116,575$116,900-0.3%
Peoria214222-3.6%$107,250$98,0009.4%
Bartonville1415-6.7%$106,450$109,750-3%
Bellevue24-50%$99,250$144,500-31.3%
West Peoria14875%$86,250$78,5009.9%
Hanna City13-66.7%$86,000$156,000-44.9%
Peoria Heights141216.7%$85,000$73,75015.3%
Glasford3250%$63,000$79,000-20.3%

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