Peoria home prices rise in the third quarter of 2020

Medium realestate1

The median sale price of a home sold in the third quarter of 2020 in Peoria rose by $17,500 while total sales increased by 28.9%, according to BlockShopper.com.

From July through September of 2020, there were 704 homes sold, with a median sale price of $120,500 - a 17% increase over the $103,000 median sale price for the same period of the previous year. There were 546 homes sold in Peoria in the third quarter of 2019.

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

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

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Mapleton3250%$170,500$83,750103.6%
Lake Camelot161233.3%$159,500$160,500-0.6%
Dunlap121020%$157,950$160,250-1.4%
Brimfield28-75%$121,250$142,500-14.9%
Peoria70454628.9%$120,500$103,00017%
Hanna City10666.7%$115,950$118,750-2.4%
Chillicothe3645-20%$97,950$115,500-15.2%
Bartonville43422.4%$93,000$91,0002.2%
Rome10742.9%$92,500$97,500-5.1%
Elmwood171513.3%$88,500$91,000-2.7%
Peoria Heights403129%$84,950$67,00026.8%

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