Preston Heights home prices rise in the third quarter of 2020

Medium realestate4

The median sale price of a home sold in the third quarter of 2020 in Preston Heights rose by $41,000 while total sales remained unchanged with four homes sold, according to

From July through September of 2020, there were four homes sold, with a median sale price of $161,000 - a 34.2% increase over the $120,000 median sale price for the same period of the previous year. There were four homes sold in Preston Heights in the third quarter of 2019, as well.

The median sales tax in Preston Heights for the most recent year with available data, 2019, was $2,095, approximately 1.3% of the median home sale price for the third quarter of 2020.

The following table compares Preston Heights to other Will County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Arbury Hills113266.7%$185,000$207,000-10.6%
Wolf Creek Island31200%$185,000$170,0008.8%
Lakewood Falls59-44.4%$175,000$168,5003.9%
Preston Heights440%$161,000$120,00034.2%
Lincoln Estates330%$160,000$299,900-46.6%
Lakewood Shores28-75%$157,500$201,500-21.8%

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