Let's take a look at the Peoria IL Real Estate Market trends over the past six months. This report consists of properties that are located in Peoria, IL. It includes all residential properties including single family and single family attached properties but does not include lots.
Peoria IL Real Estate - Homes for Sale
There are currently (06/21/2020) 525 properties for sale. The average days on market is 117 and the median days on market is 66 days. The average list price is $160,978 and the median asking price is $114,900.
There are 212 properties that are pending, meaning that they have already accepted offers but have not yet closed. The pending ratio is 29% (212 divided by 525).
Peoria homes that sold within the past 6 months
There have been 739 properties that have sold and closed within the last six months. The average original asking price was $137,568 and the final asking price (after price reductions) was $131,066. The average sales price was $125,110 so the final list price to sales price ratio was 95%. The median original asking price was $119,500 and the final median asking price was $114,900. The median sale price was $107,900 so the final median asking price to sales price ration was 94%.
The average days on market for sold properties was 87 days and the median days on market for sold properties was 50 days.
Peoria homes that did not sell
There were 410 homes 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.
Average Asking Price$160,978
Median Asking Price$114,900
Average Sold Price$125,110
Median Sold Price$107,900
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