$889 Closing Credit*
$74,900
1,066 SqFt
2 Beds
•1 Full Bath
Michelle Largent, Listing Office: Re/Max Traders Unlimited
Is West Peoria, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$109,900
$79/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,900(+13.3%)
Key Takeaway
Homes in West Peoria have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in West Peoria was $109,900 in November 2024, up 13.3% from last year, and the median price per square foot was $79.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $40K | N/A |
| 2 Bedrooms | $80K | $84.9K | +6.1% |
| 3 Bedrooms | $115K | $122.5K | +6.5% |
| 4 Bedrooms | $97.2K | $114.9K | +18.1% |
| 5+ Bedrooms | $82.5K | $110K | +33.3% |
Summary: West Peoria housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 33.3%.
Median Sold Price Compared To Nearby Cities
| West Peoria | $97K | $109.9K | +13.3% |
| West Peoria Township | $97K | $109.9K | +13.3% |
| Peoria City Township | $106.7K | $118.6K | +11.2% |
| Limestone Township | $140K | $155K | +10.7% |
| Peoria | $127.5K | $139.7K | +9.5% |
Housing Supply in West Peoria, IL
How many homes are available in West Peoria, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 19 | -26.9% |
Summary: The West Peoria real estate market had 19 homes for sale in November 2024, a 26.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 3 | -57.1% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The West Peoria housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 57.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 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. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in West Peoria in November 2024, down by 28.6% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 3 Days | 42 Days | +1045.5% |
Summary: Homes in West Peoria had an average of 42 days on market in Nov 2024, up by 1045.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in West Peoria are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in West Peoria; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.