Is North Pekin, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Pekin is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 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

$138,000

$86/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$78,000(+130.0%)

Key Takeaway

Homes in North Pekin have sold for 130% more than they did a month ago.

Summary: The median home sold price in North Pekin was $138,000 in October 2024, up 130% from last month, and the median price per square foot was $86.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 -$138K
N/A
4 --
N/A
5+ $60K-
N/A

Summary: North Pekin housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

North Pekin
+130.0%
Marquette Heights
+6.8%

Housing Supply in North Pekin, IL

How many homes are available in North Pekin, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
23+50.0%

Summary: The North Pekin real estate market had 3 homes for sale in October 2024, a 50.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 02
+100.0%
3 11
0.0%
4 00
0.0%
5+ 10
-100.0%

Summary: The North Pekin housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Pekin, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in North Pekin in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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

Sep 2024Oct 2024CHANGE
7 Days3 Days-57.1%

Summary: Homes in North Pekin had an average of 3 days on market in Oct 2024, down by 57.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in North Pekin are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in North Pekin, IL

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What housing markets are near North Pekin, IL?