$1,780 Closing Credit¹
#CA1034249, Tracie Taylor, Listing Office: RE/MAX Professionals
Petersburg Housing Market Report January 2025•Menard County, Illinois
Housing Prices in Petersburg, IL
How much do homes in Petersburg, IL cost?
Housing Market Conditions
Is Petersburg, IL a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Petersburg is a Buyer's Market
Difference Since January 2024
At the same time last year, Petersburg was a Neutral Market.
Insight
Petersburg is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$185,000$109/SqFt
+$7,500
+4.2%
Based on all homes sold in the last 12 months
Insight
Homes in Petersburg have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Petersburg was $185,000 in January 2025, up 4.2% from last year, and the median price per square foot was $109.
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $124.5K | $129K | +3.6% |
| 33 Bedrooms | $217.5K | $175K | -19.5% |
| 44 Bedrooms | $224K | $395K | +76.3% |
| 55+ Bedrooms | $139.3K | $259.9K | +86.5% |
Summary: Petersburg housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +3.6%. The home price for 3 bedroom homes decreased by -19.5%. The home price for 4 bedroom homes increased by +76.3%. The home price for 5 bedroom homes increased by +86.5%.
Housing supply in Petersburg, IL
How many homes are available in Petersburg, IL?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 16Last MonthJan 2025 | ||
| 172 months agoDec 2024 | -5.9 % Change MoMDec – Jan |
Summary: The Petersburg real estate market had 16 homes for sale in Jan 2025, a 5.9 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 2Last MonthJan 2025 | ||
| 52 months agoDec 2024 | -60.0 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 3 | 5 | +66.7% |
| 33 Bedrooms | 7 | 5 | -28.6% |
| 44 Bedrooms | 5 | 5 | 0.0% |
| 55+ Bedrooms | 2 | 1 | -50.0% |
Summary: Petersburg housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +66.7%. The inventory for 3 bedroom homes decreased by -28.6%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes decreased by -50.0%.
Asking Price vs. Sold Price
How much do homes in Petersburg, IL cost?
Over Asking Price0 Home
At Asking Price2 Homes
Under Asking Price0 Home
Insight
If you're buying a home in Petersburg, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Petersburg in January 2025, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and and 0% were sold over asking.
Days on Market for Petersburg, IL
How long does it take to sell a home in Petersburg, IL?
Breakdown of Home Sale Times
Under 30 Days2 Homes
30 – 90 Days0 Home
Over 90 Days0 Home
Insight
Many homes in Petersburg are selling fast, if you're buying plan to act quickly.
Summary: During January 2025, 2 homes were sold in Petersburg; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 2 DaysThis YearJan 2025 | ||
| 57 Days1 year agoJan 2024 | -96.5 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Petersburg had an average listing age of 2 days in Jan 2025, down by 96.5% compared to the previous year.
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Newest Listings in Petersburg, IL
What homes are available in Petersburg, IL?
$3,205 Closing Credit¹
#CA1034167, KC Sullivan, Listing Office: The Real Estate Group, Inc.
$7,719 Closing Credit¹
#CA1033945, Pat VanEtten, Listing Office: RE/MAX Professionals
$1,413 Closing Credit¹
#CA1033435, Kimberly Suiter, Listing Office: EXP Realty LLC
$2,791 Closing Credit¹
#CA1033403, Kim Wenda, Listing Office: RE/MAX Professionals
$1,543 Closing Credit¹
#CA1032933, Kim Wenda, Listing Office: RE/MAX Professionals
$5,936 Closing Credit¹
#CA1032701, Kim Wenda, Listing Office: RE/MAX Professionals
#CA1032492, Logan Frazier, Listing Office: The Real Estate Group, Inc.
#CA1032030, Kim Wenda, Listing Office: RE/MAX Professionals
#CA1031502, Kyle Killebrew, Listing Office: The Real Estate Group, Inc.
#CA1030175, Jared Williams, Listing Office: Archer Realty
#CA1029278, Kim Wenda, Listing Office: RE/MAX Professionals
Nearby markets
Nearby markets aren't available for Petersburg, IL
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MLS Disclaimers and Copyright
Based on information from RMLS Alliance, for the period 02/01/2023 - 02/01/2025
Listings courtesy of RMLS Alliance as distributed by MLS GRID.All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. Copyright © 2025 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 11:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.