Luke D. and Alexandra Murphy purchase 505 W. Merle Lane, Peoria, appraised at $269,900

The home at 505 W. Merle Lane, Peoria, Peoria County, was sold on July 2 by Aaron K. and Mycah L. Amstutz for $269,900.

Luke D. and Alexandra Murphy were listed as the buyers.

Property taxes on the home totaled $6,171 in 2024, or 2.3% of the sale price.

This property is one of 239 sales in Peoria, Peoria County, between June 2 and July 2.

This article is based on data published by BlockShopper.com.

U.S. home prices continued to rise in 2025, with the national median reaching about $447,000 in June. That's up 1.13% from a year earlier, according to Redfin. The data also show a significant gap in supply and demand, with 36% more sellers than buyers (a difference of 508,715 homes). By Redfin’s definition, a balanced market has seller and buyer numbers within 10% of each other.