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Peoria Standard

Monday, November 25, 2024

Falling home valuation prices in Peoria County in February 2023 compared to February 2022

Re 11

In February 2023, the median sale price of a home in Peoria County fell by $12,500 from the same period in the previous year, while total sales decreased by 13.8%, according to BlockShopper.com.

Data shows that there were 193 homes sold in February 2023, with a median sale price of $82,500 - a 13.2% decrease from the $95,000 median sale price for the same period of the previous year. There were 224 homes sold in Peoria County in February 2022.

For context, the median sales tax in Peoria County, based on the latest available data from 2021, was $2,567, which stands at 3.1% of February 2023's median home sale price.

The following histogram displays changes in median sales prices in Peoria County from February 2022 to February 2023.

February 2022March 2022April 2022May 2022June 2022July 2022August 2022September 2022October 2022November 2022December 2022January 2023February 2023$95,000$95,000$110,000$110,000$106,000$106,000$128,500$128,500$125,000$125,000$128,000$128,000$121,000$121,000$110,000$110,000$114,000$114,000$96,500$96,500$105,500$105,500$90,000$90,000$82,500$82,500

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