Is Pekin Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Pekin Township has remained a Seller's Market.
Housing Prices in Pekin Township, IL
How much do homes in Pekin Township, IL cost?
Median Sold Price
$122,250
$88/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Pekin Township was $122,250 in March 2024, up 26.5% from last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $43K | $36.5K | -15.1% |
2 Bedrooms | $81K | $89.9K | +11.0% |
3 Bedrooms | $105K | $126.9K | +20.9% |
4 Bedrooms | $132.9K | $159K | +19.6% |
5+ Bedrooms | $142.5K | $230K | +61.4% |
Summary: Pekin Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.1%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 20.9%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 61.4%.
Median Sold Price Compared To Nearby Cities
Pekin Township | $96.6K | $122.2K | +26.5% |
Pekin | $107.9K | $124.9K | +15.8% |
Marquette Heights | $115.5K | $129.9K | +12.5% |
Housing Supply in Pekin Township, IL
How many homes are available in Pekin Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
109 | 108 | -0.9% |
Summary: The Pekin Township real estate market had 108 homes for sale in March 2024, a 0.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 6 | +200.0% |
2 Bedrooms | 39 | 35 | -10.3% |
3 Bedrooms | 42 | 43 | +2.4% |
4 Bedrooms | 20 | 18 | -10.0% |
5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Pekin Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 10.3%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 36 | +2.9% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Pekin Township in March 2024, up by 2.9% month-over-month. Of the 35 sold homes, 51% were sold under asking, 23% were sold at asking, and 26% were sold over asking.
Days on Market for Pekin Township, IL
How long does it take to sell a home in Pekin Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 19 Days | -36.5% |
Summary: Homes in Pekin Township had an average of 19 days on market in Mar 2024, down by 36.5% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 36 homes were sold in Pekin Township; 78% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.