Is Peoria City Township, 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, Peoria City Township has remained a Seller's Market.
Housing Prices in Peoria City Township, IL
How much do homes in Peoria City Township, IL cost?
Median Sold Price
$109,996
$77/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Peoria City Township was $109,996 in May 2024, up 1.2% from last year, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $50K | $55K | +10.0% |
2 Bedrooms | $66K | $65K | -1.6% |
3 Bedrooms | $117.5K | $130K | +10.6% |
4 Bedrooms | $185K | $185K | 0.0% |
5+ Bedrooms | $200K | $228K | +14.0% |
Summary: Peoria City Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 10.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 14%.
Median Sold Price Compared To Nearby Cities
Peoria Heights | $109.9K | $115.7K | +5.3% |
Peoria Heights | $109.9K | $115K | +4.6% |
Richwoods Township | $110K | $115K | +4.5% |
Peoria | $126.1K | $129.3K | +2.5% |
Peoria City Township | $108.6K | $109.9K | +1.2% |
Housing Supply in Peoria City Township, IL
How many homes are available in Peoria City Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
384 | 405 | +5.5% |
Summary: The Peoria City Township real estate market had 405 homes for sale in May 2024, a 5.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 13 | -13.3% |
2 Bedrooms | 100 | 102 | +2.0% |
3 Bedrooms | 172 | 193 | +12.2% |
4 Bedrooms | 79 | 74 | -6.3% |
5+ Bedrooms | 18 | 23 | +27.8% |
Summary: The Peoria City Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 13.3%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 12.2%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 27.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
108 | 155 | +43.5% |
Asking Price vs. Sold Price
67 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
60 Homes Were Sold
Over Asking
Summary: A total of 155 homes were sold or pending in Peoria City Township in May 2024, up by 43.5% month-over-month. Of the 155 sold homes, 43% were sold under asking, 18% were sold at asking, and 39% were sold over asking.
Days on Market for Peoria City Township, IL
How long does it take to sell a home in Peoria City Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 19 Days | -24.8% |
Summary: Homes in Peoria City Township had an average of 19 days on market in May 2024, down by 24.8% compared to last year.
Breakdown of Home Sale Times
123 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 155 homes were sold in Peoria City Township; 79% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.