Will County Gazette

Will County Gazette

Thursday, November 14, 2019

Q4 real estate sales report: Preston Heights

Real Estate

By Local Labs News Service | Apr 21, 2019

Realestate5

Median prices rose in Preston Heights over last year, and are up 25.1 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 4 homes sold in Preston Heights for a median price of $140,075. That's 61.6 percent higher than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, 1 home in Preston Heights was in foreclosure.

Median property tax for homeowners in Preston Heights was $3,445.87 in 2017 according to tax data from that year. That means homeowners pay 4 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

Preston Heights real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
6
$111,948
-
2010
4
$30,495
-72.8%
2011
11
$46,895
53.8%
2012
4
$43,395
-7.5%
2013
13
$41,880
-3.5%
2014
9
$47,700
13.9%
2015
10
$39,856
-16.4%
2016
7
$115,500
189.8%
2017
5
$86,700
-24.9%
2018
4
$140,075
61.6%

Median property tax
Median sale price
Effective property tax rate
2010
$2,065.61
$30,495
6.8%
2011
$2,000.64
$46,895
4.3%
2012
$1,316.04
$43,395
3%
2013
$1,871.25
$41,880
4.5%
2014
$2,290.72
$47,700
4.8%
2015
$2,010.10
$39,856
5%
2016
$2,582.39
$115,500
2.2%
2017
$3,445.86
$86,700
4%

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