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.

$360K

Sale Price

$151

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 1% below list price and go pending in around 11 days.
Hot homes
can sell for about 1% above list price and go pending in around 4 days.

Petersburg

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 13 days.
Hot homes
can sell for about 1% above 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 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
SOLD AUG 22, 2024
$45,000 Last Sold Price
—beds
—baths
—sq ft
426 Hemlock Ln, Petersburg, IL 62675
List Price
$49,900
Sale to List
10% under list
Days on Market
80 days
426 Hemlock Ln, Petersburg, IL 62675
SOLD AUG 20, 2024
$265,000 Last Sold Price
4 beds
2.5 baths
3,197 sq ft
327 Elm Ln, Petersburg, IL 62675
List Price
$280,000
Sale to List
5% under list
Days on Market
69 days
327 Elm Ln, Petersburg, IL 62675
SOLD AUG 2, 2024
$75,000 Last Sold Price
—beds
—baths
—sq ft
771 LOT Pecan Point Rd, Petersburg, IL 62675
List Price
$85,000
Sale to List
12% under list
Days on Market
109 days
771 LOT Pecan Point Rd, 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

New Listings in Lake Petersburg

Zip Code Housing Markets

62675 Housing Market

Nearby City Housing Markets

Zip Code Listings

62675 Real Estate

Nearby City Listings

Rentals

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Why Redfin?

Community Impact

Diversity & Inclusion

Find us

Become a Lender Partner

Subsidiaries

Rent.

ApartmentGuide

Bay Equity Home Loans

Title Forward

Countries

United States

Canada

Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.