Is Peotone Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Peotone Township is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Peotone Township has remained a Seller's Market.

Key Takeaway

Peotone Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Peotone Township, IL cost?

Median Sold Price

$235,000

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$2,100(+0.9%)

Key Takeaway

Homes in Peotone Township have sold for 0.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 -$80K
N/A
2 $183K$150.2K
-17.9%
3 $237.5K$250K
+5.3%
4 $215.3K$257.5K
+19.6%
5+ $188.5K$237.5K
+26.0%

Median Sold Price Compared To Nearby Cities

Manteno Township
+17.1%
Peotone Township
+0.9%
Peotone
-2.8%

How many homes are available in Peotone Township, IL?

Number of Homes For Sale

Sep 2022Oct 2022%
1110-9.1%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 00
0.0%
3 54
-20.0%
4 55
0.0%
5+ 11
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
54-20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Peotone Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
12 Days20 Days+61.8%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Peotone Township are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Peotone Township, IL

Homes for sale in Peotone Township, IL have reached 10. Between September 2022 and October 2022, Peotone Township, IL real estate market has seen decrease in the number of listings by 9.1%. The median list price of listings available in October 2022 was $235,000, while the average time on the real estate market was 20 days. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went down by 17.9%, 3 bedrooms properties became 5.3% more expensive, the cost of 4 bedrooms properties went up by 19.6%, 5 bedrooms properties prices increased by 26%. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, number of 2 bedrooms homes remained the same, the quantity of 3 bedrooms homes went down by 20%, the quantity of 4 bedrooms homes have not changed, 5 bedrooms homes inventory did not change. While more than 0 listings in Peotone Township, IL in October 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 3 were sold below.

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