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Will County Gazette

Friday, November 15, 2024

Peotone home prices fall in August 2019

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The median sale price of a home sold in August 2019 in Peotone fell by $40,100 while total sales decreased by 22.2%, according to BlockShopper.com.

In August 2019, there were seven homes sold, with a median sale price of $169,900 - a 19.1% decrease over the $210,000 median sale price for the same period of the previous year. There were nine homes sold in Peotone in August 2018.

The median sales tax in Peotone for the most recent year with available data, 2018, was $4,019, approximately 2.4% of the median home sale price for August 2019.

The following table compares Peotone to other Will County cities with similar median sales prices in August 2019:

CityAug. 2019 Home SalesAug. 2018 Home Sales% change (Total Home Sales)Aug. 2019 Median Sales PriceAug. 2018 Median Sales Price% change (Median Sales Price)
Wellington Heights110%$180,000$172,0004.7%
Braidwood10100%$176,500$159,45010.7%
Forest Manor10-$174,000$0-
Wilmington1013-23.1%$173,500$163,0006.4%
Spencer10-$173,000$0-
Peotone79-22.2%$169,900$210,000-19.1%
Crete2022-9.1%$169,500$153,00010.8%
Boula3250%$167,500$155,0008.1%
Elwood6520%$164,950$195,000-15.4%
Lakewood Falls5425%$159,900$159,0000.6%
Crest Hill2024-16.7%$159,000$170,450-6.7%

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