Is Northwest 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, Northwest Peoria has remained a Seller's Market.
Housing Prices in Northwest Peoria, IL
How much do homes in Northwest Peoria, IL cost?
Median Sold Price
$217,975
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Northwest Peoria was $217,975 in April 2024, up 9.4% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $50K | $56.7K | +13.5% |
2 Bedrooms | $105K | $120K | +14.3% |
3 Bedrooms | $179K | $189.9K | +6.1% |
4 Bedrooms | $252K | $265K | +5.2% |
5+ Bedrooms | $398K | $435K | +9.3% |
Summary: Northwest Peoria housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 9.3%.
Housing Supply in Northwest Peoria, IL
How many homes are available in Northwest Peoria, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 73 | +2.8% |
Summary: The Northwest Peoria real estate market had 73 homes for sale in April 2024, a 2.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 14 | 14 | 0.0% |
3 Bedrooms | 25 | 23 | -8.0% |
4 Bedrooms | 20 | 23 | +15.0% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Northwest Peoria 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 remained the same, 3 bedroom homes decreased by 8%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 21 | +5.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Northwest Peoria in April 2024, up by 5.0% month-over-month. Of the 21 sold homes, 48% were sold under asking, 14% were sold at asking, and 38% were sold over asking.
Days on Market for Northwest Peoria, IL
How long does it take to sell a home in Northwest Peoria, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 9 Days | -71.8% |
Summary: Homes in Northwest Peoria had an average of 9 days on market in Apr 2024, down by 71.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Northwest Peoria; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.