St. Louis, Peoria and Northern Railroad Depot · Photo: Ammodramus · CC0472 homes sold in Pekin in the last year, at a typical $132K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Pekin homes are listed.
Every place Pekin homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Pekin.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 96% of Pekin’s sales, at a typical $134K
472 homes sold in the year to May 2026.
typical sale · 452 sold in 12 months
- Per square foot
- $96IL $180
- Days to sell
- 21
- Sold over asking
- 36%
- Listings with a price cut
- 42%
Multi-family (2–4 units): 11 sold, typical $155K
Townhouses: 1 sold, typical $95K
Condos: 9 sold, typical $131K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.5 times the 2016 price
472 sales in the last year, against 620 in 2021 and a low of 395 in 2012. The typical sale went from $87K in 2016 to $132K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $150K buys in Pekin
Check a listing against what Pekin homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Pekin are more common than before the pandemic, but three quarters fewer homes come up for sale
We read every month of Pekin’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 472 sales.
If you’re buying in Pekin
- Shop in October. It brings about 42 new listings a month, close to the busiest month, with fewer bidding wars (14% over asking).
- Offer under asking. Buyers paid 97.7% of the list price on average; 35% paid over.
- You’ll usually have time. Only 45% of homes go under contract within two weeks; the typical one takes 21 days.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 53 a month), but July is the most competitive: 23% of July sales close over asking. October offers nearly as much choice with fewer homes bid up (14%). January has the least competition (10%) but only about 28 new listings.
Averages for each calendar month, 2015 on.
Hotter than in 2021, and about like Illinois as a whole
| Pekin now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 35% | 7% | 21% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | 45% | 1% | 1% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 41% | — | — | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 97.7% | 94.6% | 97.3% | 99.2% |
| Days to sellMedian days from listing to contract | 21 | 143 | 83 | 49 |
56 homes for sale on a typical day
That’s 1.4 times the 2023 low (40), 75% fewer than in 2017–19 and well under 2016’s 250.
1 in 2 listings has cut its price
41% in the last year, against — in 2017–19 and 19% across Illinois.
Since 2019, houses are up 54%, condos -18%
A house typically sold for $134K in the last year (452 sales), a condo for $131K (9).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Pekin ranks 196th of 324 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Pekin is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Pekin home costs about $918 a month
Price: Pekin’s typical sale, last 12 months. Property tax at Pekin’s 2.1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Pekin is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 25.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $132K home, about $2,760 a year.
Taxes vs. neighborsSchools
The schools grade for Pekin, from test results, graduation and how much students grow.
Schools in PekinCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Creve Coeur sells for less a square foot; Tremont and Morton for far more
The busier markets within 25 miles of Pekin, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Pekin | 472 | $132K | $95 | 35% | 21 |
| East Peoria | 294 | $178K | $117 | 45% | 14 |
| Morton | 224 | $280K | $133 | 46% | 15 |
| Bartonville | 104 | $139K | $98 | 43% | 20 |
| Creve Coeur | 77 | $114K | $88 | 39% | 31 |
| Marquette Heights | 42 | $147K | $111 | 36% | 24 |
| Tremont | 24 | $218K | $122 | 25% | 28 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Pekin, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Pekin. People who follow the town see it, and so do people comparing Pekin with their own town. No commission, no listing fee.
Questions about buying a home in Pekin
What do homes sell for in Pekin, IL?
472 homes sold in the year to May 2026 at a typical $132K, $95 a square foot.
Is Pekin a buyer’s or seller’s market?
A seller’s market: 49 homes were for sale in May 2026 and 38 sold, about 1.3 months of supply. Buyers paid 97.7% of asking on average, and 41% of listings cut their price.
When is the best time to buy in Pekin?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Pekin?
About 2.1% of a home’s value a year. On a $132K home that’s near $2,760.
Where can I see homes for sale in Pekin?
Zillow, Redfin, Realtor.com and Homes.com all carry Pekin’s MLS listings; the search links above open each one filtered to Pekin.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).