Single-Family Homes
Thu Mar 28 2024
This week the median list price for Palos Park, IL is $749,900 with the market action index hovering around 27. This is less than last month's market action index of 36. Inventory has increased to 17.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Median List Price | $749,900 | |
Median Price of New Listings | $639,450 | |
Per Square Foot | $234 | |
Average Days on Market | 211 | |
Median Days on Market | 133 | |
Price Decreased | 12% | |
Price Increased | 6% | |
Relisted | 24% | |
Inventory | 17 | |
Median Rent | ||
Market Action | 27 | |
Slight Buyer's Advantage |
This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$1,662,000 | 6,000 | 1 - 2.5 acres | 4 | 4.8 | 16 | 0 | 0 | 437 |
$1,242,700 | 4,800 | 0.5 - 1 acre | 4 | 3.3 | 37 | 1 | 0 | 245 |
$712,450 | 3,048 | 0.5 - 1 acre | 4 | 2.8 | 38 | 0 | 0 | 63 |
$589,000 | 2,500 | 1 - 2.5 acres | 4 | 2.5 | 48 | 3 | 0 | 0 |