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Peotone

Peotone

Located in Will County

$329,626 Average Value
$169 Average Price per Sq Ft
11 Homes For Sale

Peotone is a village in Chicago’s rural far south suburbs

The Village of Peotone, about 46 miles south of Chicago, is considered part of the far south suburbs, though it’s in a rural area known for agriculture. Though the surroundings are farmland and open space, the village has a walkable, small-town feel. Most residential lots include driveways and are fronted by sidewalks and shade trees. In 2022, Peotone received the "Tree City USA Growth Award" from the Arbor Day Foundation. “Everybody pretty much knows everybody here in Peotone. We're far enough out from the city that it's quiet. Farming is a big thing, and there are a lot of tradespeople,” says Ed Nelson, the president of the Peotone Historical Society.

Victorians, farmhouses, ranch-style homes and contemporaries

Among Peotone’s late-19th century and early 20th century homes are Victorians, farmhouses and American Foursquares. Ranch-style homes, split-levels and contemporaries followed. Most new construction is to the west and northeast. Prices range from about $140,000 to $530,000. Few townhomes are on the market, but estimated values are in the high-$200,000s to mid-$300,000s.
Homes in Peotone typically sell in less than a month. “Though prices have increased, you are seeing some properties that only last a couple of days on the market,” says Jorge Vigil, a Realtor with HomeSmart. “The suburbs are different than some parts of Chicago, where a home may be on the market for 60 to 70 days.”
The CAP Index Crime Score in Peotone is 2 out of 10, compared to the national average of 4.

Railroad and settler history and a windmill with an annual festival

The region’s history is connected to the Illinois Central Railroad, which spurred development in the mid-19th century. Peotone was established by German and Dutch settlers in the 1850s. “We have a small historical district downtown, like two blocks long and two blocks wide. There are quite a few buildings that have the year on them at the top,” Nelson says.
The Peotone Mill, also known as the H. A. Rathje Mill, was built in 1872 and is listed on the Will County National Register of Historic Places. The windmill, now used as a museum, is open on Sundays. “We have a lot of things that came from Peotone over the years — everything from old antique desks to papers and a lot of photos,” Nelson says. Fundraisers are underway to maintain the mill and repair storm damages.
The Old Mill Fall Fest, in September, features music, antiques, a bake sale and an overall old-fashioned vibe. Historically themed demonstrators include a beekeeper, a cooper and a reenactor in the role of a Civil War surgeon. Though previously a Sunday event, the festival was expanded in 2025 to include a second day. “On Saturday, we’re going to have craft beer and a live band under the big tent,” Nelson says.

Downtown Peotone has stores, restaurants and bars

Downtown has a variety of businesses and services, including Daum Appliance & TV and Midtone Tattoo Studio. Cornerstone Coffee House offers specialty drinks, organic coffee and loose-leaf teas. Corner Cafe serves breakfast all day, as well as lunch and dinner.
In addition to NFL Sunday Ticket watch parties, Game On! Bar & Grill hosts karaoke, live bands, theme parties and events as unique as an inflatable costume pub crawl bingo. Suzy’s Saloon is another option for beer and socializing. A bit farther north, up Second Street, there’s Archy’s Sweet Treats, for ice cream, and Dolomiti, for artisanal sandwiches, pizza and pasta. On the same block is Peotone Bowl, an eight-lane bowling alley. Additionally, Berkot’s Super Foods on South Harlem Avenue is an option for groceries.

Students may enroll in the Peotone Community Unit School District

Schools include Peotone Elementary, which earns a B grade from Niche. Receiving B-minuses are Peotone Intermediate Center, for fourth and fifth grades, and Peotone Junior High School, for sixth through eighth. Peotone High School, which scores a B, has over a dozen athletics programs, including golf, football, volleyball and soccer.
The Hope Homeschool Pod, which offers a Christian faith-based educational program for kindergarten through eighth grade, opened downtown in 2025.

A lot of park amenities, events downtown and at the fairgrounds

The Peotone Park District includes a playground, a skate park, and facilities for volleyball, disc golf and other athletics. A walking trail extends through the large park, linking the different sections. The Market in the Park is held twice a month on Wednesdays from May through September.
The Market on Main is also held twice a month from May to September, though it is held downtown and on Tuesdays. Other downtown events include a car show, in July, cruise nights on Thursdays in August and the Sip n’ Stroll in September.
The Will County Fair brings many people to Peotone over five days in August. The fairgrounds is also the site of the Haunted Hollows Fest, a regional destination for Halloween-season fun and scares.

Access to state Route 50, Interstate 57 and a medical facility

Peotone no longer has passenger rail services, but freight trains do pass through regularly. The community is fairly car dependent. State Route 50 goes through Peotone, and there’s access to Interstate 57 close by, to the west. Seniors and people with disabilities can book transportation through Will-Ride, a Dial-A-Ride provider. The Kevin Strohl Family Healthcare Clinic is on Main Street.

Airport plan stalled, yet an interstate interchange is in the works

Though the idea has been floating around for decades, Peotone may still get an airport. The proposed South Suburban Airport would be a supplemental cargo airport for Chicago O'Hare International Airport and Chicago Midway International Airport, which are about 60 and 37 miles from Peotone, respectively. There are concerns over the proposed airport’s environmental impact, as farmland, flood plains and wetlands would be destroyed to build it.
In 2025, construction was underway on a $205-million interchange for Interstate 57, which would provide a direct route to the airport site. The Illinois Policy Center has referred to the interchange as the Exit to Nowhere, as the airport’s future remains uncertain. An extension of the Metra commuter rail line from Chicago has also been considered.

Robin Silberman
Written By
Robin Silberman

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Peotone Housing Trends

Housing Trends

Median List Price
$319,900
Median Sale Price
$305,000
Median Single Family Sale Price
$309,525
Median Change From 1st List Price
2%
Last 12 months Home Sales
53
Median Home Sale Price YoY Change
-7%
Average Price Per Sq Ft
$169

Area Facts

Number of Homes in Neighborhood
717
Number of Homes for Sale
11
Median Year Built
2009
Months of Supply
2.50
Average Single Family Home Size Sq Ft
2,161
Above the national average
1,924
Average Townhouse Size Sq Ft
1,382
Median Lot Size Sq Ft
12,196

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Weather

Annual Precipitation
41''
Average Winter Low Temperature
15°F
Average Summer High Temperature
84°F
Annual Snowfall
15''

Area Factors

Somewhat Bikeable

Bike Score®®

37 / 100

Car-Dependent

Walk Score®®

31 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Peotone