Altos Market Data for Realtors

Palos Hills, IL

Single-Family Homes

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Palos Hills, IL

Thu Mar 28 2024
This week the median list price for Palos Hills, IL is $499,000 with the market action index hovering around 63. This is an increase over last month's market action index of 59. Inventory has decreased to 7. Click here to stay informed with the Palos Hills market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Palos Hills, IL

Thu Mar 28 2024
This week the median list price for Palos Hills, IL is $499,000 with the market action index hovering around 63. This is an increase over last month's market action index of 59. Inventory has decreased to 7. Click here to stay informed with the Palos Hills market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Palos Hills market.
Median List Price $499,000
Median Price of New Listings $375,000
Per Square Foot $184
Average Days on Market 90
Median Days on Market 35
Price Decreased 57%
Price Increased 0%
Relisted 43%
Inventory 7
Median Rent
Market Action 63
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$760,000 2,800 - 4 4.5 1 0 0 182
$559,450 3,124 0.25 - 0.5 acre 4 3.5 53 0 1 59
$479,450 2,200 8,000 - 10,000 sqft 4 2.5 43 0 2 21
$312,500 1,981 0.25 - 0.5 acre 3 2.3 60 1 2 143