Is West 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, West Peoria has remained a Seller's Market.
Housing Prices in West Peoria, IL
How much do homes in West Peoria, IL cost?
Median Sold Price
$97,000
$76/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Peoria was $97,000 in April 2024, up 4.9% from last year, and the median price per square foot was $76.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $41.5K | $40K | -3.6% |
2 Bedrooms | $80K | $78K | -2.5% |
3 Bedrooms | $109K | $116.4K | +6.8% |
4 Bedrooms | $105K | $117.9K | +12.3% |
5+ Bedrooms | $90.2K | $110K | +22.0% |
Summary: West Peoria housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 22%.
Median Sold Price Compared To Nearby Cities
West Peoria | $92.5K | $97K | +4.9% |
West Peoria Township | $92.5K | $97K | +4.9% |
Limestone Township | $134K | $139.9K | +4.4% |
Peoria | $124.9K | $126.3K | +1.1% |
Peoria City Township | $106.8K | $106.7K | -0.1% |
Housing Supply in West Peoria, IL
How many homes are available in West Peoria, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 12 | +50.0% |
Summary: The West Peoria real estate market had 12 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 5 | 9 | +80.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The West 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 decreased by 50%, 3 bedroom homes increased by 80%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in West Peoria in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for West Peoria, IL
How long does it take to sell a home in West Peoria, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 7 Days | -73.6% |
Summary: Homes in West Peoria had an average of 7 days on market in Apr 2024, down by 73.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in West Peoria; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.