North Pekin home prices fall in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in North Pekin fell by $14,250 while total sales increased by 450%, according to

From July through September of 2020, there were 11 homes sold, with a median sale price of $73,000 - a 16.3% decrease over the $87,250 median sale price for the same period of the previous year. There were two homes sold in North Pekin in the third quarter of 2019.

The median sales tax in North Pekin for the most recent year with available data, 2019, was $1,419, approximately 1.9% of the median home sale price for the third quarter of 2020.

The following table compares North Pekin to other Tazewell 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)
East Peoria137163-16%$131,000$126,0004%
Green Valley8714.3%$119,750$120,900-1%
Creve Coeur1619-15.8%$107,450$77,50038.6%
Marquette Heights1618-11.1%$92,500$79,75016%
South Pekin45-20%$85,625$68,00025.9%
North Pekin112450%$73,000$87,250-16.3%

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