April: Home prices in South Pekin fell

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The median sale price of a home sold in April in South Pekin fell by $22,500 while total sales increased by 150 percent, according to BlockShopper.com.

In April, there were five homes sold, with a median sale price of $82,000 - a 21.5 percent decrease from the $104,500 median sale price for the same period of the previous year. There were two homes sold in South Pekin in April 2021.

The median sales tax in South Pekin for the most recent year with available data, 2019, was $1,332, approximately 1.6 percent of the median home sale price for April.

The following table compares South Pekin to other Tazewell County cities with similar median sale prices in April:

CityApril 2022 Home SalesApril 2021 Home Sales% change (Total Home Sales)April 2022 Median Sales PriceApril 2021 Median Sales Price% change (Median Sales Price)
Green Valley24-50$161,250$208,000-22.5
East Peoria2952-44.2$120,000$125,950-4.7
Marquette Heights6520$119,200$89,90032.6
South Pekin52150$82,000$104,500-21.5
North Pekin34-25$79,000$93,500-15.5
Creve Coeur10911.1$63,750$60,0006.3

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