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Will County Gazette

Sunday, November 24, 2024

Peotone home prices fall in May 2019

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The median sale price of a home sold in May 2019 in Peotone fell by $69,000 while total sales decreased by 16.7%, according to BlockShopper.com.

In May 2019, there were five homes sold, with a median sale price of $145,000 - a 32.2% decrease over the $214,000 median sale price for the same period of the previous year. There were six homes sold in Peotone in May 2018.

The median sales tax in Peotone for the most recent year with available data, 2018, was $4,019, approximately 2.8% of the median home sale price for May 2019.

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

CityMay 2019 Home SalesMay 2018 Home Sales% change (Total Home Sales)May 2019 Median Sales PriceMay 2018 Median Sales Price% change (Median Sales Price)
Wilmington8633.3%$172,450$231,000-25.3%
Monee36-50%$162,500$192,250-15.5%
Park Forest12-50%$161,000$56,450185.2%
Lakewood Falls13-66.7%$161,000$154,0004.5%
Arbury Hills21100%$157,000$179,000-12.3%
Peotone56-16.7%$145,000$214,000-32.2%
University Park5425%$139,900$38,500263.4%
Fairmont23-33.3%$139,300$41,250237.7%
Crete1114-21.4%$119,900$154,000-22.1%
Steger35-40%$88,500$82,0007.9%
Ingalls Park330%$85,000$131,000-35.1%

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