Is Peoria County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Peoria County has remained a Seller's Market.
Housing Prices in Peoria County, IL
How much do homes in Peoria County, IL cost?
Median Sold Price
$134,925
$87/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Peoria County was $134,925 in April 2024, up 3.8% from last year, and the median price per square foot was $87.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $50K | $55.7K | +11.5% |
2 Bedrooms | $74.9K | $77.5K | +3.3% |
3 Bedrooms | $128.7K | $140K | +8.7% |
4 Bedrooms | $211.1K | $229.9K | +8.9% |
5+ Bedrooms | $373.5K | $378.5K | +1.3% |
Summary: Peoria County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.5%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Counties
Woodford County | $185K | $219.2K | +18.5% |
Tazewell County | $148.1K | $160K | +8.0% |
Knox County | $99.5K | $106.8K | +7.4% |
Peoria County | $130K | $134.9K | +3.8% |
Housing Supply in Peoria County, IL
How many homes are available in Peoria County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
631 | 631 | 0.0% |
Summary: The Peoria County real estate market had 631 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 22 | 17 | -22.7% |
2 Bedrooms | 152 | 144 | -5.3% |
3 Bedrooms | 265 | 266 | 0.4% |
4 Bedrooms | 138 | 141 | +2.2% |
5+ Bedrooms | 54 | 63 | +16.7% |
Summary: The Peoria County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.7%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
192 | 197 | +2.6% |
Asking Price vs. Sold Price
102 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
62 Homes Were Sold
Over Asking
Summary: A total of 197 homes were sold or pending in Peoria County in April 2024, up by 2.6% month-over-month. Of the 197 sold homes, 52% were sold under asking, 17% were sold at asking, and 31% were sold over asking.
Days on Market for Peoria County, IL
How long does it take to sell a home in Peoria County, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 24 Days | -11.3% |
Summary: Homes in Peoria County had an average of 24 days on market in Apr 2024, down by 11.3% compared to last year.
Breakdown of Home Sale Times
152 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During April 2024, 197 homes were sold in Peoria County; 77% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.