Is Central Peoria, 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, Central Peoria has remained a Seller's Market.
Housing Prices in Central Peoria, IL
How much do homes in Central Peoria, IL cost?
Median Sold Price
$134,707
$84/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Central Peoria was $134,707 in April 2024, up 12.6% from last year, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $51.1K | $51.5K | +0.8% |
2 Bedrooms | $79.9K | $90K | +12.6% |
3 Bedrooms | $126.3K | $144.4K | +14.3% |
4 Bedrooms | $173K | $185K | +6.9% |
5+ Bedrooms | $180K | $235K | +30.6% |
Summary: Central Peoria housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 30.6%.
Median Sold Price Compared To Nearby Neighborhoods
Lake Park | $150K | $199.9K | +33.3% |
Central Peoria | $119.6K | $134.7K | +12.6% |
Housing Supply in Central Peoria, IL
How many homes are available in Central Peoria, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
116 | 125 | +7.8% |
Summary: The Central Peoria real estate market had 125 homes for sale in April 2024, a 7.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 2 | -60.0% |
2 Bedrooms | 36 | 34 | -5.6% |
3 Bedrooms | 49 | 63 | +28.6% |
4 Bedrooms | 24 | 24 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Central Peoria housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
45 | 36 | -20.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Central Peoria in April 2024, down by 20.0% month-over-month. Of the 36 sold homes, 42% were sold under asking, 17% were sold at asking, and 42% were sold over asking.
Days on Market for Central Peoria, IL
How long does it take to sell a home in Central Peoria, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 14 Days | -6.6% |
Summary: Homes in Central Peoria had an average of 14 days on market in Apr 2024, down by 6.6% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 36 homes were sold in Central Peoria; 89% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.