Pekin IL Real Estate Market Update
February 2021

Let's take a look at the Pekin IL real estate market trends over the past six months. This report consists of properties that are located in Pekin High School District. It includes all residential properties including single family and single family attached properties but does not include lots.

Pekin IL Real Estate - Homes for Sale

There are currently (04/04/2021) 80 properties for sale. The average days on market is 71 and the median days on market is 35 days. The average list price is $124,766 and the median asking price is $89,900.

Pekin homes that sold within the past 6 months

There have been 331 properties that have sold and closed within the last six months. The average original asking price was $113,485 and the final asking price (after price reductions) was $108,979. The average sales price was $104,897 so the final list price to sales price ratio was 96%. The median original asking price was $92,900 and the final median asking price was $89,900. The median sale price was $86,900 so the final median asking price to sales price ration was 97%.

The average days on market for sold properties was 54 days and the median days on market for sold properties was 34 days.

Pekin homes that did not sell

There were 108 homes in the real estate market of Pekin IL that were listed for sale that came off of the market without selling. Listings may fail to sell for many reasons such as being priced too high, having been inadequately marketed, the property was in poor condition, or perhaps the owner had second thoughts about selling at this particular time.

If you are looking to buy or sell a home in the Pekin area, we would love to hear from you. Call us at (309) 693-1133 or Contact us here.