Peotone, Illinois, is a quaint village in Will County, located about 40 miles south of Chicago, with a population of approximately 4,100 as of the 2020 census. Known for its rich agricultural heritage and small-town charm, Peotone offers a serene, community-focused lifestyle surrounded by sprawling farmlands. The village is home to the historic Peotone Mill, a preserved landmark reflecting its past, and hosts the annual Will County Fair, drawing visitors for livestock shows, carnival rides, and local crafts. With its welcoming atmosphere, historic downtown, and easy access to nearby urban centers, Peotone strikes a balance between rural tranquility and modern convenience.
Peotone currently has 13 single family homes for sale with an average list price of $321,230.69 and 10 lots for sale with an average list price of $353,490. The average annual property tax for Peotone is $4,132.83.
Schools
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Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Peotone, i.e. what's hot and what's not.
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Recent Sales
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Subdivisions
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Ashburton Estates is a single-family home community in Peotone, Illinois, built between 2003 and 2013. It currently has no homes for sale. The homes range in size from 1,850 ft2 to 3,200 ft2. The average annual property tax for Ashburton Estates is $6,532.51. It is located in Will County.
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Median Price: $469,950 |
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Gull Landings is a single-family home and townhouse community in Peotone, Illinois, built between 1990 and 2023. It currently has 1 lot for sale with a list price of $275,000. The homes range in size from 2,600 ft2 to 2,951 ft2. The HOA fees range from $145 to $145 per month. The average annual property tax for Gull Landings is $4,544.50. It is located in Will County. Gull Landings is a townhome and single family home community built from the late 1990s to late 2010s. Gull Landings is located in Peotone, Illinois south of Wilmington Road just east of I-57.
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Median Price: $392,000 |
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Meadow Ridge is a single-family home community in Peotone, Illinois, built between 1972 and 2001. It currently has no homes for sale. The homes range in size from 1,863 ft2 to 2,568 ft2. The average annual property tax for Meadow Ridge is $4,537.42. It is located in Will County. Meadow Ridge is a single family home subdivision built in the 1990's. Meadow Ridge is located in Peotone, Illinois north of Wilmington Road and east of I-57.
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Meyer Glen is a single-family home community in Peotone, Illinois, built between 2006 and 2025. It currently has 1 single family home for sale with a list price of $415,000 and 2 lots for sale with an average list price of $37,500. The HOA fees range from $4 to $6 per month. The average annual property tax for Meyer Glen is $3,486.56.
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Median Price: $405,000 |
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Mill Trace is a subdivision in Peotone, Illinois. It currently has no homes for sale. It is located in Will County.
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Show all 11 Subdivisions
Subdivisions
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Market Trends
Peotone home sales for the month of February decreased in volume when compared to last year, while the median sale price decreased. House sales decreased, while the median sale price decreased.
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55
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57
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51
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57
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2023 |
2024 |
2025 |
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$255,000
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$300,000
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$341,000
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$330,000
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2022 |
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2024 |
2025 |
Median Sale Price for Peotone
Number of Sales for Peotone
Market Trends
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Real Estate News
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Peotone had only 1 new home for sale with a master bedroom on the first floor during the month of Saturday, February 28 to Friday, March 6, and it ...
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Peotone had only 1 new home for sale during the week of Friday, February 27 to Thursday, March 5, including and it was a single family home for sale with ...
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Peotone had 2 sales during the week of Tuesday, February 24 to Monday, March 2, including including 2 single family homes for sale with an average list price of $412,450.
$515,000
405 ...
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Peotone had 3 new homes for sale during the week of Friday, February 20 to Thursday, February 26, including including 3 single family homes for sale with an average list ...
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Peotone had 2 sales during the week of Tuesday, February 17 to Monday, February 23, including including 2 single family homes for sale with an average list price of $293,750.
$250,000
404 ...
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Real Estate News
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