Peotone Real Estate Market Extends Growth Trend in Price Cuts

This week in the Peotone market, sales fell to one home sold over the last 30 days, even as it endures a new upward trend in price reductions, with six reported in the same time frame. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. Prices are rising in Peotone, and the median sales price this period increased from $113,300 to $126,500. Peotone is a definite buyer's market, thanks to a big 17 months of inventory to choose from and a pullback in sales.

If you're trying to find a bargain, make sure you look into these homes in Peotone with recent price reductions:

$129K   $121K   $179K  

Get started right now by checking out Peotone homes for sale or reviewing Peotone real estate trends.

Demographic facts about Peotone:

  • 39 years old is the median age of all the homes in the area.
  • The average snowfall is 30.0 inches per year. (U.S. average: 25)
  • The job growth rating in this area is 78. (Scale: 1 = Worst, 100 = Best)
  • Schools spend an average of $5,002 for each student in this area. ($5,691 = national average)

Data reported through 10/13/2016

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Ask a local expert about this area:
Coldwell Banker

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