Is Peoria City Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Peoria City Township is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Peoria City Township has remained a Seller's Market.

Key Takeaway

Peoria City Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Peoria City Township, IL

How much do homes in Peoria City Township, IL cost?

Median Sold Price

$106,771

$76/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$57(-0.1%)

Key Takeaway

The sold price of homes in Peoria City Township has remained the same since last year.

Summary: The median home sold price in Peoria City Township was $106,771 in April 2024, down 0.1% from last year, and the median price per square foot was $76.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $48.5K$55K
+13.4%
2 $65K$64.4K
-0.9%
3 $117.1K$125.5K
+7.2%
4 $182.6K$185K
+1.3%
5+ $210K$225K
+7.1%

Summary: Peoria City Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.4%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 7.1%.

Median Sold Price Compared To Nearby Cities

Peoria Heights
+9.6%
Peoria Heights
+9.2%
Richwoods Township
+9.1%
Peoria
+1.1%
Peoria City Township
-0.1%

Housing Supply in Peoria City Township, IL

How many homes are available in Peoria City Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3633640.3%

Summary: The Peoria City Township real estate market had 364 homes for sale in April 2024, a 0.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 2015
-25.0%
2 10197
-4.0%
3 146161
+10.3%
4 8274
-9.8%
5+ 1417
+21.4%

Summary: The Peoria City Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes increased by 21.4%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
119101-15.1%

Asking Price vs. Sold Price

54 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

36 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Peoria City Township, you may be able to get a good deal. 53.5% of homes here sold below asking price last month.

Summary: A total of 101 homes were sold or pending in Peoria City Township in April 2024, down by 15.1% month-over-month. Of the 101 sold homes, 53% were sold under asking, 11% were sold at asking, and 36% 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

Apr 2023Apr 2024CHANGE
24 Days27 Days+12.8%

Summary: Homes in Peoria City Township had an average of 27 days on market in Apr 2024, up by 12.8% compared to last year.

Breakdown of Home Sale Times

77 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Peoria City Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 101 homes were sold in Peoria City Township; 76% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Peoria City Township, IL

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