Is East Peoria, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, East Peoria has remained a Seller's Market.
Housing Prices in East Peoria, IL
How much do homes in East Peoria, IL cost?
Median Sold Price
$170,000
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in East Peoria was $170,000 in May 2024, up 9.7% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $48K | $40.5K | -15.6% |
2 Bedrooms | $100K | $95K | -5.0% |
3 Bedrooms | $160K | $171.3K | +7.1% |
4 Bedrooms | $210K | $222.5K | +6.0% |
5+ Bedrooms | $275K | $306K | +11.3% |
Summary: East Peoria housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.6%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 11.3%.
Median Sold Price Compared To Nearby Cities
Creve Coeur | $80K | $91.4K | +14.3% |
Fondulac Township | $154.9K | $171.3K | +10.6% |
East Peoria | $155K | $170K | +9.7% |
Groveland Township | $146.5K | $160K | +9.2% |
Morton | $237.6K | $250K | +5.2% |
Housing Supply in East Peoria, IL
How many homes are available in East Peoria, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
96 | 101 | +5.2% |
Summary: The East Peoria real estate market had 101 homes for sale in May 2024, a 5.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 20 | 15 | -25.0% |
3 Bedrooms | 47 | 53 | +12.8% |
4 Bedrooms | 22 | 23 | +4.5% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The East Peoria housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 34 | +30.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in East Peoria in May 2024, up by 30.8% month-over-month. Of the 34 sold homes, 35% were sold under asking, 18% were sold at asking, and 47% were sold over asking.
Days on Market for East Peoria, IL
How long does it take to sell a home in East Peoria, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 8 Days | -72.3% |
Summary: Homes in East Peoria had an average of 8 days on market in May 2024, down by 72.3% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 34 homes were sold in East Peoria; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.