Lake Petersburg, IL Housing Market

Homes for sale

The Lake Petersburg housing market is not very competitive. The median sale price of a home in Lake Petersburg was $405K last month, up 19.1% since last year.

Trends
Demand
Migration
Schools
Climate

Lake Petersburg Housing Market Trends

What is the housing market like in Lake Petersburg today?

In November 2024, Lake Petersburg home prices were up 19.1% compared to last year, selling for a median price of $405K.

$295K

Sale Price

$148

Sale $/Sq. Ft.

Under List Price

1.6%

Days on Market

62.5

Down Payment

—

Total Homes Sold

To compare other locations to the Lake Petersburg and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Lake Petersburg add value to a home.

How hot is the Lake Petersburg housing market?

Lake Petersburg is not very competitive. Homes sell in 62.5 days.

100

Not Very Competitive

Multiple offers are rare.
The average homes sell for about 2% below list price and go pending in around 63 days.
Hot homes
can sell for around list price and go pending in around 30 days.

Compare With Nearby Cities

Springfield

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% below list price and go pending in around 9 days.
Hot homes
can sell for around list price and go pending in around 3 days.

Petersburg

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 3% below list price and go pending in around 13 days.
Hot homes
can sell for around list price and go pending in around 2 days.

See more nearby cities and neighborhoods

Lake Petersburg Migration & Relocation Trends

No data on migration and relocation available in this area right now

Learn about migration trends in nearby cities

View houses in Lake Petersburg that sold recently

Recently sold homes

SOLD FEB 28, 2025
$210,000 Last Sold Price
3 beds
2 baths
2,035 sq ft
15573 N Park Pl, Petersburg, IL 62675
List Price
$215,000
Sale to List
2% under list
Days on Market
42 days
15573 N Park Pl, Petersburg, IL 62675
SOLD FEB 4, 2025
$290,000 Last Sold Price
3 beds
2 baths
2,720 sq ft
360 S Shores Dr, Petersburg, IL 62675
List Price
$295,000
Sale to List
2% under list
Days on Market
74 days
360 S Shores Dr, Petersburg, IL 62675
SOLD JAN 31, 2025
$295,000 Last Sold Price
4 beds
2 baths
1,989 sq ft
743 Persimmon Rd, Petersburg, IL 62675
List Price
$319,000
Sale to List
8% under list
Days on Market
84 days
743 Persimmon Rd, Petersburg, IL 62675
SOLD DEC 11, 2024
$420,000 Last Sold Price
4 beds
3 baths
3,000 sq ft
101 Almond Ln, Petersburg, IL 62675
List Price
$399,900
Sale to List
5% over list
Days on Market
51 days
101 Almond Ln, Petersburg, IL 62675
SOLD DEC 6, 2024
$300,000 Last Sold Price
3 beds
2.5 baths
1,835 sq ft
679 Palm Pl, Petersburg, IL 62675
List Price
$315,000
Sale to List
5% under list
Days on Market
60 days
679 Palm Pl, Petersburg, IL 62675
SOLD OCT 30, 2024
$562,500 Last Sold Price
4 beds
3 baths
5,266 sq ft
121 North Shore Dr, Petersburg, IL 62675
List Price
$562,500
Sale to List
0% over list
Days on Market
103 days
121 North Shore Dr, Petersburg, IL 62675
SOLD OCT 16, 2024
$35,000 Last Sold Price
—beds
—baths
—sq ft
191 Cedar Ln, Petersburg, IL 62675
List Price
$39,900
Sale to List
12% under list
Days on Market
371 days
191 Cedar Ln, Petersburg, IL 62675
SOLD SEP 16, 2024
$410,000 Last Sold Price
3 beds
2.5 baths
1,948 sq ft
63 N Shore Dr, Petersburg, IL 62675
List Price
$399,900
Sale to List
3% over list
Days on Market
46 days
63 N Shore Dr, Petersburg, IL 62675
See all recently sold homes in Lake Petersburg.
See listings

Schools in Lake Petersburg

Learn about schools in the Lake Petersburg area

Elementary
Middle
High

GreatSchools Rating

No elementary schools in this region.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on Lake Petersburg housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Lake Petersburg.

Wind Factor - Minor

100% of properties are at minor risk of a severe wind event over the next 30 years

Heat Factor - Moderate

100% of properties are at moderate risk of heat over the next 30 years

Provided by First Street Foundation

More real estate resources for Lake Petersburg

Nearby City Housing Markets

Zip Code Housing Markets

62675 Housing Market

Nearby City Listings

Zip Code Listings

62675 Real Estate

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