Blog | Peoria Homes For Sale

Home Sales on the Rise in Peoria, Illinois and on the National Housing Market

Posted on September 24, 2012 by Adam

The latest real estate statistics are in and there’s definitely reason to celebrate if you’re a Peoria, Illinois home seller!

Evidently, the national real estate market saw a 3.6 percent increase year-over-year in new home sales during the month of July.

And locally, on the Peoria Illinois real estate market, home sales increased by 65.1 percent year-over-year.

Experts are saying this data is the latest evidence that the national housing market is indeed turning around!

Peoria, Illinois Real Estate for Sale

Here’s a brief overview of the latest national housing market data:

• In the last 12 months, new home sales have increased to 372,000, or about 25 percent
• Meanwhile, sales of previously occupied homes increased by 2.3 percent from June to July.
• Sales of previously occupied homes increased by 10 percent in July when compared to the previous year.
• Mortgage rates continue to be at near-record lows.

Admittedly, there’s still some progress that needs to be made. For instance, between June and July, the median price for new homes decreased by 2.1 percent.

And housing prices are still about a third lower than what they were at the peak of the 2006 housing bubble.

Still, national housing market data is certainly improved when one looks at data from 2011!

Here’s a look at how activity is doing locally on the Peoria real estate market:

• Currently there are 1,090 resale and new homes on the market, including 193 in some stage of the foreclosure process
• Between May and July, the median sales price for Peoria homes was $115,000, based on 426 home sales.
• Compared to last year, the median home sales price has increased by 2 percent.
• And the number of home sales has increased by 65.1 percent.
• During the week ending on August 29, the average listing price for Peoria homes was $151,868, down 0.5 percent from the week before.

List Your Peoria Home for Sale Today!

To take advantage of the uptick in sales activity on the Peoria – as well as national – real estate markets, please contact me today!

When you do, I’ll help you determine how much your Peoria, Illinois property is worth as well as explain to you the exclusive marketing plan I offer sellers.

Posted in Real Estate Market Update | Tagged Housing Market, IL, Illinois, Peoria, Real Estate |

Peoria, Illinois Real Estate Market Report for August

Posted on August 16, 2012 by Adam

Peoria, Illinois home sales prices are continuing their upward climb, despite a recent slowdown in total home sales, according to the most recent market data.

This could potential have a fantastic impact on Central Illinois home sellers who have been waiting for sales prices to begin to climb again.

Continue reading to learn more about recent Peoria housing market activity to learn how it may end up affecting you as a home seller.

Properties for Sale in Peoria

Here’s a summary of the most recent Peoria housing market data, based on the real estate website Trulia:

• Currently there are 1,122 homes for sale, including 189 in some stage of the foreclosure process
• Between April and June, the median sales price for Peoria homes was $116,500, based on 275 home sales.
• When compared to the same period in 2011, the median sales price has increased by 11 percent.
• In 2011, the median sales price was 105,000.
• Meanwhile, here’s how other area communities compared when it came to median sales price:

East Peoria: $114,500

Creve Coeur: $75,500

Bellevue: $70,000

West Peoria: $46,000

Spring Bay: $153,500

Peoria Heights: $55,000

• Also between 2011 and 2012, the total number of home sales decreased by 3.8 percent.
• During the week ending on July 18, the average listing price for Peoria homes was $159,867, down 3 percent when compared to the week before.
• During that same week, the average listing price for a 1-bedroom Peoria home was $76,635
• The average listing price for a 2-bedroom home in Peoria was $88,620
• And the average listing price for 3- and 4- bedroom homes were $128,847 and $238,890 respectively.
• Here’s how other Central Illinois communities did in terms of average listing price:

East Peoria: $174,544

Creve Coeur: $97,152

Bellevue: $109,900

West Peoria: $79,507

Spring Bay: $125,425

Peoria Heights: $120,660

Your Peoria, Illinois REALTOR

I hope you found the above information insightful as a Peoria home seller.

Posted in Real Estate Market Update | Tagged Market Update, Peoria Real Estate, Peoria Real Estate Market, Real Estate |

Peoria Real Estate Market Update for July

Posted on January 20, 2012 by Adam

The last several weeks have yielded mixed results for interested Peoria area home sellers.

After all, while the median home sales price has increased, the total number of home sales has actually decreased!

Continue reading to learn more about recent activity on the Peoria housing market to see how it may affect your efforts to sell your Central Illinois home.

Properties for Sale in Central Illinois

Here’s an overview of the current state of the Peoria housing market, based on the most recent market data from the website, Trulia:

• Currently there are 1,150 homes for sale on the market, including 179 in some stage of the foreclosure process.
• Between March and May, the median sales price for Peoria homes was $106,000, based on 249 home sales.
• Here’s how nearby Illinois communities compared in terms of median sales price:

Creve Coeur: $122,000

Bellevue: $70,000

West Peoria: $46,000

Spring Bay: $153,500

East Peoria: $109,000

Peoria Heights: $50,000

•  When compared to the same period in 2011, the median home sales price in Peoria has increased by 6.5 percent.
• Last year, the median home sales price in Peoria was $99,500.
• Meanwhile, the total number of home sales actually saw an 11.7 percent decrease when compared year-over-year.
• During the week ending on June 20, the average listing price for Peoria homes was $161,034, up 0.1 percent when compared to the week before.
• Broken down further, the average listing price for a 1-bedroom home was $72,434.
• The average listing price for a 2-bedroom home was $91,840.
• And the average listing price for 3- and 4- bedroom Peoria homes were $133,381 and $241,715.
• Here’s how nearby Illinois communities compared when it came to average listing price:

Creve Coeur: $91,453

Bellevue: $109,900

West Peoria: $83,802

Spring Bay: $133,267

East Peoria: $167,256

Peoria Heights: $125,425

Posted in Real Estate Market Update | Tagged Peoria Homes For Sale, Peoria Real Estate, Peoria Real Estate Market |