Pekin, IL Home Values & Market Trends
Real estate market trends reflect that there have been 761 transactions over the past year in Pekin. The median value for residential home transactions that occurred over the previous year is $121,652.86. The number of current listings in Pekin is 35, and the percentage of properties for sale in the city is 35.00%. Pekin, IL currently has 103 properties in foreclosure, 11 bank owned properties, 13 properties headed for auction, and 35 properties for sale.
Pekin, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 61554 | $ 100,235 $ 84/sqft |
Housing Market Summary for Pekin, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $99,900 | $117.2K | 17.27% |
| Median Sold Price | $0 | $117.2K | - |
| Homes For Sale | 45 | 31 | -31.11% |
| Homes Sold | 0 | 422 | - |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Pekin, IL
Browse Homes in Pekin, IL
Pekin home values range from $20,168 to $1,157,325. The median estimated value of a home in Pekin is $121,652.86. The median list price of a home is 114,900, and the total count of properties in the city is 13,963.
- Pre-ForeclosurePre-foreclosure homes account for 0.57% of all residential properties in Pekin, IL with 61554 containing 90 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Pekin, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $304,105 in 61554 to the lowest home value of $25,053 in 61554.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Pekin, IL ranges from the highest value of $292,250 in 61554 to the lowest value of $67,222 in 61554. Bank owned homes and properties account for 0.08% of properties in Pekin, IL. There is 1 zips within Pekin, IL; 61554 containing 11 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions61554 has 16 auction properties, the highest number of properties going to auction in a single zip in the state of Pekin, IL. Auction homes and other auction properties account for 0.09% of all properties in Pekin, IL. There is 1 zips within Pekin, IL; of that zips, the median estimated home value for homes going to auction ranges from $389,617 in 61554 to the lowest value of $40,449 in 61554.
Compare Nearby Cities
More Real Estate Resources for Pekin, IL
Guide for Pekin, IL
Market report for Springfield, Illinois, with a snapshot of property values, sales activity, price fluctuations, and comparisons with neighboring cities.
A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.
Learn how a short sale can stop the foreclosure process.
Learn effective strategies to safeguard your credit score after experiencing a foreclosure.
