Will County Gazette

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Thursday, April 9, 2020

Peotone home prices rise in the third quarter of 2018

Real Estate

By Local Labs News Service | Oct 14, 2018

Realestate1

The median sale price of a home sold in the third quarter of 2018 in Peotone rose by $18,500 while total sales increased by 44.4%, according to BlockShopper.com.

From July through September of 2018, there were 26 homes sold, with a median sale price of $197,500 - a 10.3% increase over the $179,000 median sale price for the same period of the previous year. There were 18 homes sold in Peotone in the third quarter of 2017.

The median sales tax in Peotone for the most recent year with available data, 2017, was $3,903.60, approximately 2% of the median home sale price for the third quarter of 2018.

The following table compares Peotone to other Will County cities with similar median sales prices in the third quarter of 2018:

City
July - Sept. 2018 Home Sales
July - Sept. 2017 Home Sales
% change (Total Home Sales)
July - Sept. 2018 Median Sales Price
July - Sept. 2017 Median Sales Price
% change (Median Sales Price)
Bolingbrook
268
235
14%
$215,000
$215,000
0%
Carillon
8
9
-11.1%
$205,000
$152,000
34.9%
Aurora
77
82
-6.1%
$205,000
$229,500
-10.7%
Arbury Hills
6
6
0%
$202,000
$145,500
38.8%
Lockport
152
144
5.6%
$197,800
$198,250
-0.2%
Peotone
26
18
44.4%
$197,500
$179,000
10.3%
Monee
30
20
50%
$191,400
$173,500
10.3%
Lily Cache
4
2
100%
$190,000
$144,000
31.9%
Beecher
16
13
23.1%
$187,500
$176,000
6.5%
Cherry Hill
7
0
-
$187,000
$0
-
Forest Manor
4
2
100%
$183,625
$237,000
-22.5%

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