Pekin, IL Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Pekin, IL is $110,000, down 8.3% year-over-year. Homes sell in an average of 46 days with 37 active listings. The market is currently a seller's market.
$110,000median sale price
Is Pekin a buyer's or seller's market?
Pekin, IL is currently a seller's market, based on 1.0 months of supply and homes selling in about 46 days. How we determine this →
Homes sold
37
Last 12 weeks
Days on market
46
Average pace
Active listings
37
1.0 months supply
Sale-to-list
95.8%
Below asking
Pekin, IL market data
| Metric | Value |
|---|---|
| Median sale price | $110,000 |
| Median list price | $127,450 |
| Year-over-year price change | -8.3% |
| Average days on market | 46 days |
| Active inventory | 37 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 95.8% |
| Market condition | Seller's market |
Source: Redfin · Updated weekly
The Pekin housing market is currently classified as a seller's market with a median sale price of $110,000. Prices have fallen 8.3% compared to last year, with homes spending an average of 46 days on market, indicating 1.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Pekin
There are currently 37 homes listed for sale in Pekin, Illinois. The median listing price is $127K.
Active listings
37
Homes on market
Median list price
$127K
Avg. days on market
46
Days until sale
New this week
36
Newly listed
Top public schools in Pekin
15 schools tracked · 5,112 students
The largest public schools serving Pekin, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Pekin Community High School
Grades 9-12 · 1,737 students
Wilson Intermediate School
Grades 4-6 · 585 students
Washington Intermediate School
Grades 4-6 · 408 students
Broadmoor Junior High School
Grades 7-8 · 377 students
Edison Junior High School
Grades 7-8 · 311 students
Jefferson Elem School
Grades K-3 · 304 students
C B Smith Elem School
Grades K-3 · 282 students
Pekin Preschool Family Ed Center
Grades PK · 214 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
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Frequently asked questions
What is the average home price in Pekin?
The median home sale price in Pekin is $110,000, down 8.3% from last year.
How long do homes stay on market in Pekin?
Homes typically spend 46 days on market before going under contract.
Is Pekin a buyer's or seller's market?
With 1.0 months of supply, Pekin is currently a seller's market.
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