Is Peoria City Township, 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, Peoria City Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $48.5K | $55K | +13.4% |
2 Bedrooms | $65K | $64.4K | -0.9% |
3 Bedrooms | $117.1K | $125.5K | +7.2% |
4 Bedrooms | $182.6K | $185K | +1.3% |
5+ Bedrooms | $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 | $109.4K | $119.9K | +9.6% |
Peoria Heights | $109.9K | $120K | +9.2% |
Richwoods Township | $109.9K | $119.9K | +9.1% |
Peoria | $124.9K | $126.3K | +1.1% |
Peoria City Township | $106.8K | $106.7K | -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 2024 | Apr 2024 | CHANGE |
---|---|---|
363 | 364 | 0.3% |
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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 20 | 15 | -25.0% |
2 Bedrooms | 101 | 97 | -4.0% |
3 Bedrooms | 146 | 161 | +10.3% |
4 Bedrooms | 82 | 74 | -9.8% |
5+ Bedrooms | 14 | 17 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
119 | 101 | -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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 27 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
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.