$711 Closing Credit*
$59,900
624 SqFt
2 Beds
•1 Full Bath
Daisy Bouillon, Listing Office: Sunflower Real Estate Group, L
Is North Pekin, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, North Pekin has remained a Seller's Market.
Key Takeaway
North Pekin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Pekin, IL
How much do homes in North Pekin, IL cost?
Median Sold Price
$103,200
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$13,250(+14.7%)
Key Takeaway
Homes in North Pekin have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in North Pekin was $103,200 in August 2024, up 14.7% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $30.7K | - | N/A |
| 2 Bedrooms | $88K | $79.4K | -9.7% |
| 3 Bedrooms | $95K | $120K | +26.3% |
| 4 Bedrooms | $127K | $168K | +32.3% |
| 5+ Bedrooms | - | $144.9K | N/A |
Summary: North Pekin housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.7%, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 32.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| North Pekin | $89.9K | $103.2K | +14.7% |
| Pekin Township | $109.7K | $125K | +13.9% |
| Marquette Heights | $116K | $131.2K | +13.1% |
| Pekin | $115.6K | $125K | +8.1% |
| Creve Coeur | $90.5K | $96K | +6.1% |
Housing Supply in North Pekin, IL
How many homes are available in North Pekin, IL?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Summary: The North Pekin real estate market had 6 homes for sale in August 2024, the same as July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The North Pekin housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Pekin, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in North Pekin in August 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for North Pekin, IL
How long does it take to sell a home in North Pekin, IL?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 7 Days | 3 Days | -47.6% |
Summary: Homes in North Pekin had an average of 3 days on market in Aug 2024, down by 47.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Pekin are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 3 homes were sold in North Pekin; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.