Pekin, Illinois, is a vibrant city in Tazewell County, nestled along the Illinois River, with a population of around 31,000 as of recent estimates. Known as the "Marigold Capital of the World," Pekin hosts an annual Marigold Festival, a tradition celebrating its agricultural heritage and community spirit with parades, markets, and family-friendly events. The city blends small-town charm with economic diversity, featuring a historic downtown with local shops, restaurants, and the iconic Tazewell County Courthouse. Pekin’s proximity to Peoria, just a short drive away, offers residents access to urban amenities while maintaining a tight-knit community feel. With a rich history tied to Native American heritage and early settlers, Pekin continues to thrive as a welcoming hub in Central Illinois.
Pekin currently has 3 single family homes for sale with an average list price of $424,600 and 1 lot for sale with a list price of $20,000. The average annual property tax for Pekin is $2,895.32.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Pekin, i.e. what's hot and what's not.
See What's Hot & What's Not in PekinPekin home sales for the month of November decreased in volume by 50% when compared to last year, while the median sale price rose by 401.7% from $74,750 to $375,000. House sales decreased by 50%, while the median sale price rose by 401.7% from $74,750 to $375,000.
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7
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11
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10
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15
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| 2021 | 2022 | 2023 | 2024 |
| # of sales per year | |||
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$94,900
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$129,000
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$115,000
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$101,000
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| 2021 | 2022 | 2023 | 2024 |
| median sale price per year | |||