Question 1

What is the median sold price in Peoria?

Accepted Answer

The median sold price in Peoria is $15,000 based on 5 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the average home price in Peoria?

Accepted Answer

The average sold price in Peoria is $34,600. Note that the average ($34,600) is higher than the median ($15,000), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in Peoria?

Accepted Answer

Home prices in Peoria range from $10,500 to $85,000 based on recent sales data. This $74,500 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Peoria selling above or below asking price?

Accepted Answer

On average, homes in Peoria are selling at 83.8% of their asking price. This means buyers have significant negotiating power, with homes selling well below asking price. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in Peoria?

Accepted Answer

Homes in Peoria are selling in an average of 28 days. This indicates a seller's market with strong demand. Well-priced homes often receive offers within the first week of listing.

Question 6

What is the price per square foot in Peoria?

Accepted Answer

The average price per square foot in Peoria is $295. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $590,000.

Question 7

How active is the real estate market in Peoria?

Accepted Answer

The Peoria market has seen 5 home sales over the past 2 years, with 6 properties currently for sale. With ample inventory available, buyers have plenty of options to choose from.

Question 8

What types of properties are selling in Peoria?

Accepted Answer

The most common property types selling in Peoria are: vacant lot (3 sold, avg $24,333), recreational (1 sold, avg $15,000), detached single family (1 sold, avg $85,000). Each property type has different price points and characteristics to consider when buying or selling.

Question 9

How much do detached homes cost in Peoria?

Accepted Answer

Detached homes in Peoria are selling for an average of $85,000, with 1 sales over the past 2 years.

Question 10

Are home prices rising or falling in Peoria?

Accepted Answer

Home prices in Peoria have increased by 19.0% over the past 2 years. The average sold price moved from $10,500 to $12,500. This upward trend indicates strong demand and potential equity gains for homeowners.

Question 11

Is Peoria a buyer's or seller's market?

Accepted Answer

Based on current data, Peoria is a buyer's market. Homes are selling in 28 days on average and at 83.8% of asking price. Buyers have leverage to negotiate on price and terms. Sellers may need to price competitively to attract offers.

Question 12

What percentage of homes sell above asking price in Peoria?

Accepted Answer

In Peoria, 20% of homes sold above asking price, while 80% sold below asking. A moderate number of homes attract multiple offers.

Question 13

What are the average property taxes in Peoria?

Accepted Answer

The average annual property tax in Peoria is $249, with a median of $250. Property taxes vary based on the assessed value of the home and are an important factor when calculating your total monthly housing costs.

Question 14

What size homes are selling in Peoria?

Accepted Answer

Homes selling in Peoria range from 288 to 288 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 15

How much do home prices vary in Peoria?

Accepted Answer

Peoria shows high price diversity with a standard deviation of $29,088 around the average price of $34,600. This wide range indicates a diverse market with options at many price points.

Question 16

Where can I find recently sold homes in Peoria?

Accepted Answer

You can view a comprehensive list of houses sold in Peoria right here on our market history feed. We update our data daily to ensure you have access to the latest sold real estate listings and final closing prices.

Question 17

Why is seeing sold house prices important?

Accepted Answer

Sold house prices are the only true indicator of market value. Active listing prices are just "wishes," but recently sold homes reflect what buyers are actually willing to pay. Comparing active properties against homes that have recently sold helps you avoid overpaying.

Question 18

Can I see the final sold price on MLS® listings?

Accepted Answer

Yes. While public sites often remove the price once a deal closes, our MLS® listings sold page grants you access to the final sale numbers, days on market, and price history for recently sold homes in Peoria.

Recently Sold Homes in Peoria

Peoria Sold Data Overview

Recently Sold in Peoria

Curious what your home is worth in Peoria?

Understanding the Peoria Market

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2-Year Market Trends: All Property Types

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