Altos Market Data for Realtors

Palos Park, IL

Single-Family Homes

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Palos Park, IL

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. Click here to stay informed with the Palos Park market!

Market Action Index

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

Slight Buyer's Advantage

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Palos Park, IL

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. Click here to stay informed with the Palos Park market!

Market Action Index

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

Slight Buyer's Advantage

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Palos Park market.
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.

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
$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