Peoria, IL, Real Estate
Peoria, Illinois, is a vibrant city nestled along the Illinois River, known for its rich history and modern charm. As one of the state's oldest settlements, Peoria blends its industrial past with a thriving cultural scene, featuring attractions like the Peoria Riverfront Museum and the historic Caterpillar Visitors Center, reflecting its legacy as a hub for manufacturing. The city boasts a lively downtown with diverse dining, entertainment, and the scenic Riverfront Park, hosting festivals and events year-round. With a population of around 110,000, Peoria offers a welcoming community, affordable living, and a mix of urban amenities and natural beauty, making it a dynamic place to live or visit.
Peoria currently has 5 single family homes for sale with an average list price of $61,460, 1 townhouse for sale with a list price of $159,900, and 8 lots for sale with an average list price of $6,550. The average annual property tax for Peoria is $3,412.62.
Browse Peoria
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 Peoria, i.e. what's hot and what's not.
See What's Hot & What's Not in Peoria
Market Trends
Peoria home sales for the month of August rose in volume by 50% when compared to last year, while the median sale price decreased by 54.3% from $240,450 to $110,000. House sales rose by 100%, while the median sale price decreased by 65.9% from $201,900 to $68,750. Townhouse sales stayed the same, while the median sale price stayed the same.
|
8
|
10
|
16
|
26
|
| 2021 | 2022 | 2023 | 2024 |
| # of sales per year | |||
|
$121,500
|
$143,500
|
$113,000
|
$141,000
|
| 2021 | 2022 | 2023 | 2024 |
| median sale price per year | |||
Median Sale Price for Peoria
Number of Sales for Peoria
We have helped thousands of families buy and sell homes!
HomesByMarco agents are experts in the area. If you're looking to buy or sell a home, give us a call today at 888-326-2726.
