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 March 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
$105,650
$76/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Peoria City Township was $105,650 in March 2024, up 0.1% from last year, and the median price per square foot was $76.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $50K | $56K | +12.0% |
2 Bedrooms | $66.1K | $62.9K | -5.0% |
3 Bedrooms | $115K | $125.1K | +8.8% |
4 Bedrooms | $179.8K | $184K | +2.3% |
5+ Bedrooms | $199K | $219K | +10.1% |
Summary: Peoria City Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 10.1%.
Median Sold Price Compared To Nearby Cities
Peoria Heights | $99.5K | $120K | +20.6% |
Peoria Heights | $102K | $120K | +17.6% |
Richwoods Township | $103.5K | $120K | +15.9% |
Peoria | $124.9K | $125.7K | +0.6% |
Peoria City Township | $105.5K | $105.6K | 0.1% |
Housing Supply in Peoria City Township, IL
How many homes are available in Peoria City Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
421 | 389 | -7.6% |
Summary: The Peoria City Township real estate market had 389 homes for sale in March 2024, a 7.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 23 | 18 | -21.7% |
2 Bedrooms | 152 | 116 | -23.7% |
3 Bedrooms | 144 | 157 | +9.0% |
4 Bedrooms | 81 | 82 | +1.2% |
5+ Bedrooms | 21 | 16 | -23.8% |
Summary: The Peoria City Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 21.7%, 2 bedroom homes decreased by 23.7%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 23.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
153 | 114 | -25.5% |
Asking Price vs. Sold Price
60 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Summary: A total of 114 homes were sold or pending in Peoria City Township in March 2024, down by 25.5% month-over-month. Of the 114 sold homes, 53% were sold under asking, 19% were sold at asking, and 28% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 24 Days | -36.1% |
Summary: Homes in Peoria City Township had an average of 24 days on market in Mar 2024, down by 36.1% compared to last year.
Breakdown of Home Sale Times
85 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 114 homes were sold in Peoria City Township; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.