Is Peoria County, 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 County has remained a Seller's Market.
Housing Prices in Peoria County, IL
How much do homes in Peoria County, IL cost?
Median Sold Price
$134,853
$87/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Peoria County was $134,853 in March 2024, up 3.9% from last year, and the median price per square foot was $87.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $50K | $56.2K | +12.5% |
2 Bedrooms | $75.9K | $75.2K | -1.0% |
3 Bedrooms | $127.4K | $139.9K | +9.8% |
4 Bedrooms | $208.5K | $232.7K | +11.6% |
5+ Bedrooms | $375K | $375K | 0.0% |
Summary: Peoria County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
Woodford County | $184.4K | $215.6K | +16.9% |
Knox County | $97.7K | $109.9K | +12.6% |
Tazewell County | $145K | $159.7K | +10.1% |
Peoria County | $129.8K | $134.8K | +3.9% |
Housing Supply in Peoria County, IL
How many homes are available in Peoria County, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
645 | 637 | -1.2% |
Summary: The Peoria County real estate market had 637 homes for sale in March 2024, a 1.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 27 | 21 | -22.2% |
2 Bedrooms | 197 | 163 | -17.3% |
3 Bedrooms | 249 | 264 | +6.0% |
4 Bedrooms | 125 | 135 | +8.0% |
5+ Bedrooms | 47 | 54 | +14.9% |
Summary: The Peoria County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes decreased by 17.3%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 14.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
206 | 183 | -11.2% |
Asking Price vs. Sold Price
99 Homes Were Sold
Under Asking
36 Homes Were Sold
At Asking
48 Homes Were Sold
Over Asking
Summary: A total of 183 homes were sold or pending in Peoria County in March 2024, down by 11.2% month-over-month. Of the 183 sold homes, 54% were sold under asking, 20% were sold at asking, and 26% were sold over asking.
Days on Market for Peoria County, IL
How long does it take to sell a home in Peoria County, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 25 Days | -37.3% |
Summary: Homes in Peoria County had an average of 25 days on market in Mar 2024, down by 37.3% compared to last year.
Breakdown of Home Sale Times
132 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During March 2024, 183 homes were sold in Peoria County; 72% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.