Is Peru, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Peru has remained a Seller's Market.
Housing Prices in Peru, IL
How much do homes in Peru, IL cost?
Median Sold Price
$167,000
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Peru was $167,000 in May 2024, up 16.8% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $28K | - | N/A |
2 Bedrooms | $96K | $134K | +39.6% |
3 Bedrooms | $161.7K | $200K | +23.6% |
4 Bedrooms | $167.5K | $178.2K | +6.4% |
5+ Bedrooms | $187.2K | $197K | +5.2% |
Summary: Peru housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 39.6%, 3 bedroom homes increased by 23.6%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Cities
Peru | $143K | $167K | +16.8% |
Peru Township | $143K | $167K | +16.8% |
LaSalle Township | $110K | $110K | 0.0% |
LaSalle | $117.5K | $108.7K | -7.4% |
Housing Supply in Peru, IL
How many homes are available in Peru, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 40 | +14.3% |
Summary: The Peru real estate market had 40 homes for sale in May 2024, a 14.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 9 | 8 | -11.1% |
3 Bedrooms | 15 | 15 | 0.0% |
4 Bedrooms | 8 | 12 | +50.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Peru housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 16 | +128.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Peru in May 2024, up by 128.6% month-over-month. Of the 16 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% were sold over asking.
Days on Market for Peru, IL
How long does it take to sell a home in Peru, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
37 Days | 36 Days | -0.7% |
Summary: Homes in Peru had an average of 36 days on market in May 2024, down by 0.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in Peru; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.