Is Pekin, IN 47165 a buyer’s or seller’s market?
Pekin is a balanced market. With about 4.5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Pekin housing market right now
In the three months ending August 31, 2026, 10% of homes in Pekin, IN 47165 sold above their list price, the typical home went under contract in 42 days and there were 4.5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold faster (56 days then) and the median sale price fell 14% to $178,423. Overall, Pekin is less competitive than a year ago, which gives buyers more room.
Within Washington County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 75%.
Nearby, buyers who want less competition could look at Hardinsburg 47125 (0% sold over asking) or Fredericksburg 47120 (0% sold over asking), while Salem 47167 (24% sold over asking) is even more competitive.
Run the numbers for 47165
Nearby markets
Campbellsburg 47108Buyer’s market $181 /sq ftFredericksburg 47120Seller’s market $138 /sq ftHardinsburg 47125Balanced $142 /sq ftSalem 47167Balanced $122 /sq ft Browse all markets →Towns like Pekin nearby
Find towns like Pekin in other states →Where Pekin is
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Questions about Pekin real estate
Is Pekin a buyer’s or seller’s market?
A balanced market: there were 4.5 months of supply in Pekin, IN 47165 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Pekin?
The typical home went under contract in 42 days in the latest three months.
Do homes in Pekin sell over asking?
10% of homes sold above their original list price, and the typical sale closed at 95.6% of the list price.
What are property taxes in Pekin?
About 0.63% of a home’s value a year in Washington County, or roughly $2,520 on a $400,000 home.
What is the median home price in Pekin?
The median sale price was $178,423 in the three months ending August 31, 2026, about $147 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology