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Featured local agent — Preston Heights, IL
Sarah Mitchell
Compass Real Estate · Preston Heights, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Preston Heights, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$193,000median sale price
How is the Preston Heights, IL housing market right now?
The median home sale price in Preston Heights, IL is $193,000, down 10.8% year-over-year. Homes sell in an average of 33 days with 3 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 Preston Heights a buyer's or seller's market?
Preston Heights, IL is currently a seller's market, based on 3.0 months of supply and homes selling in about 33 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
33
Average pace
Active listings
3
3.0 months supply
Sale-to-list
104.3%
Above asking
What does the Preston Heights housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $193,000 |
| Median list price | $269,950 |
| Year-over-year price change | -10.8% |
| Average days on market | 33 days |
| Active inventory | 3 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 104.3% |
| Median price per sq ft | $223/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 2 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Preston Heights by property type?
How the Preston Heights, 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 | $193,000 | $223/sq ft | 1 | 33 days |
| Townhouse | $125,000 | $93/sq ft | 1 | 8 days |
Source: Redfin · Updated monthly
The Preston Heights housing market is currently classified as a seller's market with a median sale price of $193,000. Prices have fallen 10.8% compared to last year, with homes spending an average of 33 days on market, indicating 3.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Homes for sale in Preston Heights
There are currently 3 homes listed for sale in Preston Heights, Illinois. The median listing price is $270K.
Active listings
3
Homes on market
Median list price
$270K
Avg. days on market
33
Days until sale
New this week
2
Newly listed
Who lives in Preston Heights?
Population
2,318
Median income
$51,970/yr
Median age
40.1 years
Owner-occupied
58.6%
College grads
8.4%
Avg commute
24.7 min
Source: U.S. Census Bureau ACS
What is it like to live in Preston Heights?
Preston Heights is a community of approximately 2K residents with a median age of 40.1 years.The median household income is $51,970, which represents a working-class community with solid middle-income opportunities. 8.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 58.6%, showing a blend of owner and renter-occupied properties. The average commute time is 24.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Preston Heights offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Preston Heights, IL?
Want a head-to-head view? Compare Preston Heights side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Preston Heights?
The median home sale price in Preston Heights is $193,000, down 10.8% from last year.
How long do homes stay on market in Preston Heights?
Homes typically spend 33 days on market before going under contract.
What is the median income in Preston Heights?
The median household income is $51,970 per year.
Is Preston Heights a buyer's or seller's market?
With 3.0 months of supply, Preston Heights is currently a seller's market.
How much does a single-family home cost in Preston Heights?
The median single-family home price in Preston Heights, IL is $193,000 (about $223 per square foot).
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