$1,471 Closing Credit*
$123,900
1,170 SqFt
3 Beds
•1 Full Bath, 1 Partial
Jarrod Doty, Listing Office: Sunflower Real Estate Group, L
Is North Peoria, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, North Peoria has remained a Seller's Market.
Key Takeaway
North Peoria is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Peoria, IL
How much do homes in North Peoria, IL cost?
Median Sold Price
$215,000
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$9,000(-4.0%)
Key Takeaway
Homes in North Peoria have sold for 4% less than they did a year ago.
Summary: The median home sold price in North Peoria was $215,000 in December 2024, down 4% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $63K | $65K | +3.2% |
| 2 Bedrooms | $95K | $102.5K | +7.9% |
| 3 Bedrooms | $212.5K | $215K | +1.2% |
| 4 Bedrooms | $290K | $242.5K | -16.4% |
| 5+ Bedrooms | $325K | $330K | +1.5% |
Summary: North Peoria housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.2%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes increased by 1.5%.
Housing Supply in North Peoria, IL
How many homes are available in North Peoria, IL?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 46 | 50 | +8.7% |
Summary: The North Peoria real estate market had 50 homes for sale in December 2024, a 8.7% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 17 | 21 | +23.5% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The North Peoria housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Peoria, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in North Peoria in December 2024, up by 33.3% month-over-month. Of the 16 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for North Peoria, IL
How long does it take to sell a home in North Peoria, IL?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 13 Days | 69 Days | +407.4% |
Summary: Homes in North Peoria had an average of 69 days on market in Dec 2024, up by 407.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Peoria are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 16 homes were sold in North Peoria; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.