Peoria, IL - House Price Index (HPI)
Peoria Real Estate Market - Home Price Forecast
The House Price Index (HPI) shows changes in Peoria, IL single family home prices in logarithmic
scale. The March, 1995 index value equals 100.  Real estate forecasts, analysis, statistics and
appreciation rates are provided below.
Peoria Real Estate Market: Trend Outlook, Analysis & Statistics
100
1000
10
Commentary  1230.56
1st Quarter, 2018 Housing Statistics: Peoria, Illinois


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      73%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Peoria housing market for the 12
months ending with the 1st Quarter of 2019 is DOWN. The Accuracy of the
Trend Projection for Peoria is 73%. In other words, when tested against
historical data, the forecasting methodology was correct 73% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for falling house
prices in Peoria is 73% during this period. If this Housing Market Forecast is
correct, home prices will be lower in the 1st Quarter of 2019 than they were in
the 1st Quarter of 2018. Check this page each quarter for updates to the
Peoria Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      76%

The forecast for the trend in the Peoria housing market for the 3 years ending
with the 1st Quarter of 2021 is DOWN. The Accuracy of the Trend Prediction for
Peoria is 76%. In other words, when tested against historical data, the
forecasting methodology was correct 76% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for falling house prices in
Peoria is 76% during this period. If this Housing Market Forecast is correct,
home values will be lower in the 1st Quarter of 2021 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Peoria Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Peoria, Illinois


Historical Home Price Appreciation
Last Quarter                         -0.32%
Last Year                              -1.3%
Last 5 Years                         1%
Last 10 Years                       0%
Last 20 Years                       40%
Decline From All Time High   3.60%


Annual Home Price Appreciation Rates
1988      6.85%
1989      10.13%
1990      4.18%
1991      6.22%
1992      3.40%
1993      5.82%
1994      8.96%
1995      6.10%
1996      5.58%
1997      4.70%
1998      3.99%
1999      3.11%
2000      3.57%
2001      4.85%
2002      3.66%
2003      2.44%
2004      4.21%
2005      4.44%
2006      3.37%
2007      1.77%
2008      -0.31%
2009      0.34%
2010      -0.14%
2011      -1.78%
2012      0.98%
2013      -0.04%
2014      1.82%
2015      0.21%
2016      2.81%
2017      -3.16%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              -0.32%        Rank: 301 of 381 (21st Percentile)
Last Year  . . . . . . . . . . . . . . . .  -1.3%          Rank: 371 of 381 (2nd Percentile)
Last 5 Years                              1%              Rank: 374 of 381 (1st Percentile)
Last 10 Years  . . . . . . . . . . . .   0%            Rank: 282 of 381 (26th Percentile)
Last 20 Years                            40%            Rank: 345 of 379 (8th Percentile)
Decline From All Time High        3.60%

The change in home prices for Peoria, IL are shown above for five time periods.
For example: Peoria appreciated -0.32% in the Last Quarter. At that rate, the
Peoria Real Estate Market was ranked 301st out of 381 metropolitan Real
Estate Markets. Peoria was in the 21st percentile. So Peoria, IL performed
better in the Last Quarter than 21% of the 381 metropolitan areas covered in
LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Peoria, Illinois

The all time high in the Peoria Home Price Index was 171.9 in the 3rd Quarter,
of 2016. The 1st Quarter, 2018 index value was 165.7. That's a decline of 6.18
points or 3.60% below the Peoria Home Price Index all time high.  The Home
Price Index indicates that the Peoria Market is down 0% over the last 10 years.
Home Prices in the Peoria Real Estate Market have lost 1.26% over the last 12
months. Over the last thirty years, it is up 159%.

The 1st Quarter index value was 0.53 points lower than the 4th Quarter, 2017
index value of 166.21, resulting in a 0.32% decline for the 1st Quarter in the
Peoria Market.

The Peoria Home Price Index has declined for the last 3 consecutive quarters.
That makes Peoria the current record holder for consecutive quarterly declines
in the Home Price Index (along with Tallahassee, FL; Syracuse, NY; Sioux City,
IA and Shreveport, LA; which also had 3 consecutive quarterly declines). The
current record holders for consecutive increases in the Home Price Index are
Phoenix, AZ; Houston, TX and Boise City, ID, with increases in the last 27
consecutive quarters.

The highest annual change in the value of houses in the Peoria Real Estate
Market was 28% in the twelve months ended with the 2nd Quarter of 1981. The
worst annual change in home values  in the Peoria Market was -22% in the
twelve months ended with the 2nd Quarter of 1980.

The highest growth in home values in the Peoria Real Estate Market over a
three year period was 25% in the three years ended with the 1st Quarter of
1991. The worst performance over a three year period in the Peoria Market was
-29% in the three years ended with the 1st Quarter of 1985.

This page provides a long term graph of the Peoria Home Price Index (above).
For information about Illinois home values, click Real Estate Market Forecasts
in the navigation bar at the top of this page.  You'll see long term charts and
analysis that will provide tremendous insight into the historical trends of
residential property values. Bookmark this page! Then LittleBigHomes.com's
detailed research and statistics about Peoria Home Prices will be at your
fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Peoria Market. The terms House Price Index and Home Price Index, as used
in this site, refer to the Federal Housing Finance Agency (FHFA) House Price
Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Peoria Real Estate Market and hundreds of
other cities. As a result, Home Price data is not available for a number of
months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
1st Quarter, 2018 Housing Data: Peoria, Illinois

The trend of Peoria Home Prices relative to 380 other metropolitan areas is
detailed below. Each metropolitan area contains one or more cities. Five
different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period.

Last Quarter:
During the 1st Quarter of 2018, Peoria Home Prices had a rank of 301, with
appreciation of -0.32%. The top performing real estate market during the 1st
Quarter was Goldsboro, NC, with a rise of 9.78%. The worst market during that
period was Cumberland, MD, with appreciation of -9.30%.
The median for all cities during the 1st Quarter was 1.15%. The average for all
markets during the quarter was 0.97%.

Last Year:
During the last 12 months, Peoria Home Prices had a rank of 371, with
appreciation during the year of -1.26%. The top performing market during the
last year was Boise City, ID, with an increase of 15.3%. The worst real estate
market during that period was Farmington, NM, with appreciation of -6.0%.
The median for all markets during this period was 5.97%. The average was
5.82%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2018, Peoria Home Prices
ranked 374, with a total appreciation of 1.1%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 90%.
The worst market during that period was Farmington, NM, with appreciation of
-4%.
The median for all cities during this time period was 20%. The average over the
5 years was 26%.

Last 10 Years:
During the 10 years ended in the 1st Quarter of 2018, Peoria Home Prices had
a rank of 282, with appreciation during the decade of 0%. The top performing
market during the period was Denver, CO, with a rise of 69%. The worst real
estate market during the 10 year time period was Atlantic City, NJ, with
appreciation of -26%.
The median for all markets during the last 10 years was 8%. The average for
the cities over that time frame was 9%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2018, Peoria Home Prices had
a rank of 345, with total growth over the 20 year period of 40%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 282%. The worst market during the last 20 years was Rockford, IL,
with appreciation of 18%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 88%.

Historical research data on the Home Price Index for the Peoria Real Estate
Market is available back to the 3rd Quarter, of 1979. All calculations are based
on the quarterly value of the House Price Index for Peoria. Real estate
appreciation figures represent total net increase or decrease over each time
period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Tuesday, July 24, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


_____________________________________________________________
Report a Problem with this Page    Contact Us     Privacy Policy    Terms of Use/Disclosure
LittleBigHomes.com
1975
1980
1985
1990
1995
2000
2005
2010
2035
2015
2020
2025
2030