Is Peotone, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Peotone has remained a Seller's Market.
Housing Prices in Peotone, IL
How much do homes in Peotone, IL cost?
Median Sold Price
$289,900
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Peotone was $289,900 in April 2024, up 9.4% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | - | N/A |
2 Bedrooms | $137.5K | $220K | +60.0% |
3 Bedrooms | $265K | $298.5K | +12.6% |
4 Bedrooms | $284.9K | $316K | +10.9% |
5+ Bedrooms | $360K | $260.5K | -27.6% |
Summary: Peotone housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes decreased by 27.6%.
Median Sold Price Compared To Nearby Cities
Peotone | $265K | $289.9K | +9.4% |
Peotone Township | $280K | $289.9K | +3.5% |
Housing Supply in Peotone, IL
How many homes are available in Peotone, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 16 | +14.3% |
Summary: The Peotone real estate market had 16 homes for sale in April 2024, a 14.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 6 | 7 | +16.7% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Peotone housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 5 | +150.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Peotone in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Peotone, IL
How long does it take to sell a home in Peotone, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
77 Days | 50 Days | -35.3% |
Summary: Homes in Peotone had an average of 50 days on market in Apr 2024, down by 35.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Peotone; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.