Princeville home prices fall in the first quarter of 2020

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The median sale price of a home sold in the first quarter of 2020 in Princeville fell by $23,000 while total sales remained unchanged with five homes sold, according to BlockShopper.com.

From January through March of 2020, there were five homes sold, with a median sale price of $65,000 - a 26.1% decrease over the $88,000 median sale price for the same period of the previous year. There were five homes sold in Princeville in the first quarter of 2019, as well.

The median sales tax in Princeville for the most recent year with available data, 2018, was $2,854, approximately 4.4% of the median home sale price for the first quarter of 2020.

The following table compares Princeville to other Peoria County cities with similar median sales prices in the first quarter of 2020:

CityJan. - Mar. 2020 Home SalesJan. - Mar. 2019 Home Sales% change (Total Home Sales)Jan. - Mar. 2020 Median Sales PriceJan. - Mar. 2019 Median Sales Price% change (Median Sales Price)
Elmwood58-37.5%$112,000$103,0008.7%
Peoria3643572%$101,100$90,00012.3%
Chillicothe1521-28.6%$85,000$89,900-5.5%
Hanna City45-20%$79,000$133,000-40.6%
West Peoria20200%$74,900$61,25022.3%
Bartonville2913123.1%$68,000$90,000-24.4%
Norwood330%$67,000$69,900-4.1%
Princeville550%$65,000$88,000-26.1%
Peoria Heights1314-7.1%$63,000$77,550-18.8%
Bellevue550%$56,900$51,50010.5%
Kingston Mines110%$25,000$67,000-62.7%

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