$1,722 Closing Credit*
$145,000
1,996 SqFt
3 Beds
•1 Full Bath
Troy Kerrn, Listing Office: Keller Williams Premier Realty
Is West Peoria, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, West Peoria has remained a Seller's Market.
Key Takeaway
West Peoria is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Peoria, IL
How much do homes in West Peoria, IL cost?
Median Sold Price
$104,500
$79/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,500(+7.7%)
Key Takeaway
Homes in West Peoria have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in West Peoria was $104,500 in October 2024, up 7.7% from last year, and the median price per square foot was $79.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $40K | N/A |
| 2 Bedrooms | $80K | $81.4K | +1.8% |
| 3 Bedrooms | $109K | $130K | +19.3% |
| 4 Bedrooms | $117K | $105K | -10.3% |
| 5+ Bedrooms | $205.2K | $96.2K | -53.1% |
Summary: West Peoria housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 19.3%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes decreased by 53.1%.
Median Sold Price Compared To Nearby Cities
| Limestone Township | $138.3K | $159K | +14.9% |
| West Peoria | $97K | $104.5K | +7.7% |
| West Peoria Township | $97K | $104.5K | +7.7% |
| Peoria City Township | $107.5K | $114.9K | +7.0% |
| Peoria | $129K | $135K | +4.7% |
Housing Supply in West Peoria, IL
How many homes are available in West Peoria, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 28 | 0.0% |
Summary: The West Peoria real estate market had 28 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The West Peoria 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 12.5%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Peoria, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in West Peoria in October 2024, up by 16.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for West Peoria, IL
How long does it take to sell a home in West Peoria, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 11 Days | -48.2% |
Summary: Homes in West Peoria had an average of 11 days on market in Oct 2024, down by 48.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Peoria are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in West Peoria; 86% of homes were sold within 30 days, 14% 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.