Is Peru, 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, Peru has remained a Seller's Market.
Housing Prices in Peru, IL
How much do homes in Peru, IL cost?
Median Sold Price
$161,000
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Peru was $161,000 in April 2024, up 17.5% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $28K | - | N/A |
2 Bedrooms | $100K | $134K | +34.0% |
3 Bedrooms | $165.5K | $187.5K | +13.3% |
4 Bedrooms | $165K | $171K | +3.6% |
5+ Bedrooms | $187.2K | $154K | -17.8% |
Summary: Peru housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 17.8%.
Median Sold Price Compared To Nearby Cities
Peru | $137K | $161K | +17.5% |
Peru Township | $137K | $161K | +17.5% |
LaSalle Township | $110K | $108K | -1.8% |
LaSalle | $115K | $107.5K | -6.5% |
Housing Supply in Peru, IL
How many homes are available in Peru, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 34 | +54.5% |
Summary: The Peru real estate market had 34 homes for sale in April 2024, a 54.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 9 | +200.0% |
3 Bedrooms | 10 | 14 | +40.0% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Peru housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Peru in April 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for Peru, IL
How long does it take to sell a home in Peru, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 13 Days | -61.6% |
Summary: Homes in Peru had an average of 13 days on market in Apr 2024, down by 61.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Peru; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.