Will County Gazette

Will County Gazette

Tuesday, April 7, 2020

Preston Heights home prices rise in the first half of 2018

Real Estate

By Local Labs News Service | Jul 14, 2018

Re 12

The median sale price of a home sold in the first half of 2018 in Preston Heights rose by $79,000 while total sales decreased by 57.1%, according to BlockShopper.com.

From January through June of 2018, there were six homes sold, with a median sale price of $138,500 - a 132.8% increase over the $59,500 median sale price for the same period of the previous year. There were 14 homes sold in Preston Heights in the first half of 2017.

The median sales tax in Preston Heights for the most recent year with available data, 2017, was $1,840, approximately 1.3% of the median home sale price for the first half of 2018.

The following table compares Preston Heights to other Will County cities with similar median sales prices in the first half of 2018:

City
Jan. - June 2018 Home Sales
Jan. - June 2017 Home Sales
% change (Total Home Sales)
Jan. - June 2018 Median Sales Price
Jan. - June 2017 Median Sales Price
% change (Median Sales Price)
Godley
1
1
0%
$152,500
$70,000
117.9%
Arbury Hills
4
9
-55.6%
$151,000
$189,000
-20.1%
Wilmington
34
37
-8.1%
$150,500
$135,000
11.5%
Forest Manor
3
3
0%
$143,000
$259,900
-45%
Lakewood Shores
10
6
66.7%
$142,450
$80,634.50
76.7%
Preston Heights
6
14
-57.1%
$138,500
$59,500
132.8%
Rockdale
5
11
-54.5%
$135,200
$111,650
21.1%
Ingalls Park
17
25
-32%
$125,000
$79,000
58.2%
Wolf Creek Island
2
4
-50%
$110,000
$173,500
-36.6%
Steger
23
29
-20.7%
$90,550
$50,000
81.1%
Fairmont
7
12
-41.7%
$71,000
$38,000
86.8%

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