August 2021: Preston Heights experienced a 34.1% drop in median home prices

Medium realestate3

The median sale price of a home sold in August 2021 in Preston Heights fell by $65,150 while total sales remained unchanged with two homes sold, according to

In August 2021, there were two homes sold, with a median sale price of $125,850 - a 34.1% decrease over the $191,000 median sale price for the same period of the previous year. There were two homes sold in Preston Heights in August 2020, as well.

The median sales tax in Preston Heights for the most recent year with available data, 2019, was $2,095, approximately 1.7% of the median home sale price for August 2021.

The following table compares Preston Heights to other Will County cities with similar median sale prices in August 2021:

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
University Park84100%$196,000$130,60050.1%
Crest Hill402842.9%$191,500$190,9500.3%
Ingalls Park52150%$155,000$129,50019.7%
Lakewood Shores110%$150,000$185,100-19%
Park Forest45-20%$143,000$74,00093.2%
Lily Cache110%$142,500$240,700-40.8%
Preston Heights220%$125,850$191,000-34.1%

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