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Will County Gazette

Thursday, April 25, 2024

Q1 real estate sales report: Peotone

Realestate4

Median prices declined in Peotone over last year, and are up 5.7 percent over 10 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 3 homes sold in Peotone for a median price of $158,000. That's 3.9 percent lower than median home sale prices for the first quarter of 2017.

In the first quarter, there were no foreclosures in Peotone.

Median property tax for homeowners in Peotone was $0 in 2017 according to tax data from that year. That means homeowners pay 0 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.

Peotone real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
1
$149,410
-
2010
15
$157,320
5.3%
2011
3
$215,169
36.8%
2012
6
$146,060
-32.1%
2013
14
$132,098
-9.6%
2014
15
$171,720
30%
2015
7
$164,300
-4.3%
2016
5
$166,845
1.5%
2017
12
$164,475
-1.4%
2018
3
$158,000
-3.9%

Median property tax
Median sale price
Effective property tax rate
2010
$3,792.57
$157,320
2.4%
2011
$4,558.30
$215,169
2.1%
2012
$3,754.17
$146,060
2.6%
2013
$3,889.92
$132,098
2.9%
2014
$3,682.37
$171,720
2.1%
2015
$3,770.54
$164,300
2.3%
2016
$4,399.77
$166,845
2.6%
2017
$0
$164,475
0%

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