Peoria home prices rise 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 Peoria rose by $11,100 while total sales increased by 2%, according to BlockShopper.com.

From January through March of 2020, there were 364 homes sold, with a median sale price of $101,100 - a 12.3% increase over the $90,000 median sale price for the same period of the previous year. There were 357 homes sold in Peoria in the first quarter of 2019.

The median sales tax in Peoria for the most recent year with available data, 2018, was $2,442, approximately 2.4% of the median home sale price for the first quarter of 2020.

The following table compares Peoria 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)
Brimfield52150%$141,000$123,75013.9%
Dunlap330%$136,000$266,500-49%
Rome10825%$112,450$110,0002.2%
Glasford37-57.1%$112,000$90,00024.4%
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%

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