Falling home prices in Peotone in January 2021

Medium re 6

The median sale price of a home sold in January 2021 in Peotone fell by $81,450 while total sales increased by 25%, according to BlockShopper.com.

In January 2021, there were five homes sold, with a median sale price of $135,500 - a 37.5% decrease over the $216,950 median sale price for the same period of the previous year. There were four homes sold in Peotone in January 2020.

The median sales tax in Peotone for the most recent year with available data, 2019, was $3,927, approximately 2.9% of the median home sale price for January 2021.

The following table compares Peotone to other Will County cities with similar median sale prices in January 2021:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
Custer Park20-$162,500$0-
Crest Hill262123.8%$152,500$170,000-10.3%
Braidwood46-33.3%$150,000$176,000-14.8%
Rockdale3250%$140,000$113,15023.7%
Lakewood Shores10-$138,000$0-
Peotone5425%$135,500$216,950-37.5%
Fairmont24-50%$118,500$126,000-6%
Lakewood Falls12-50%$118,000$206,450-42.8%
Park Forest412-66.7%$117,950$26,000353.7%
Steger770%$115,000$73,00057.5%
Ingalls Park5425%$103,000$92,50011.4%

Blockshopper green logo