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Featured local agent — Peotone, IL
Sarah Mitchell
Compass Real Estate · Peotone, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Peotone, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$260,000median sale price
How is the Peotone, IL housing market right now?
The median home sale price in Peotone, IL is $260,000, down 23.7% year-over-year. Homes sell in an average of 46 days with 10 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Peotone a buyer's or seller's market?
Peotone, IL is currently a seller's market, based on 2.0 months of supply and homes selling in about 46 days. How we determine this →
Homes sold
5
Last 12 weeks
Days on market
46
Average pace
Active listings
10
2.0 months supply
Sale-to-list
98.4%
Below asking
What does the Peotone housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $260,000 |
| Median list price | $357,400 |
| Year-over-year price change | -23.7% |
| Average days on market | 46 days |
| Active inventory | 10 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 98.4% |
| Median price per sq ft | $163/sq ft |
| Homes sold (latest month) | 5 |
| New listings (latest month) | 5 |
| Listings with a price cut | 30.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Peotone by property type?
How the Peotone, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $260,000 | $163/sq ft | 5 | 46 days |
| Condo / Co-op | $345,000 | $199/sq ft | 1 | 66 days |
| Townhouse | $330,000 | — | 1 | 64 days |
Source: Redfin · Updated monthly
The Peotone housing market is currently classified as a seller's market with a median sale price of $260,000. Prices have fallen 23.7% compared to last year, with homes spending an average of 46 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.2x provides context for how home values compare to local earning capacity.
Homes for sale in Peotone
There are currently 10 homes listed for sale in Peotone, Illinois. The median listing price is $357K.
Active listings
10
Homes on market
Median list price
$357K
Avg. days on market
46
Days until sale
New this week
5
Newly listed
Who lives in Peotone?
Population
4,462
Median income
$104,792/yr
Median age
39.1 years
Owner-occupied
70.8%
College grads
33.4%
Avg commute
30.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Peotone?
Zillow home value
$339,222
Price-to-income
3.2x
Source: Zillow Research
What is it like to live in Peotone?
Peotone is a community of approximately 4K residents with a median age of 39.1 years.The median household income is $104,792, which reflects a relatively affluent area with strong earning potential. 33.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 70.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 30.4 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Peotone offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Peotone?
4 schools tracked · 1,139 students
The largest public schools serving Peotone, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Peotone High School
Grades 9-12 · 443 students
Peotone Elem School
Grades K-3 · 308 students
Peotone Jr High School
Grades 6-8 · 298 students
Connor Shaw Center
Grades PK · 90 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Peotone, IL?
Want a head-to-head view? Compare Peotone side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Peotone?
The median home sale price in Peotone is $260,000, down 23.7% from last year.
How long do homes stay on market in Peotone?
Homes typically spend 46 days on market before going under contract.
What is the median income in Peotone?
The median household income is $104,792 per year.
Is Peotone a buyer's or seller's market?
With 2.0 months of supply, Peotone is currently a seller's market.
What is the Zillow home value estimate for Peotone?
The Zillow Home Value Index (ZHVI) for Peotone is $339,222, representing the typical home value in the area.
What is the median condo price in Peotone?
The median condo/co-op sale price in Peotone, IL is $345,000, compared to $260,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Peotone?
The median single-family home price in Peotone, IL is $260,000 (about $163 per square foot).
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