Palmer, IL Home Values & Market Trends

Real estate market trends reflect that there have been 4 transactions over the past year in Palmer. The median value for residential home transactions that occurred over the previous year is $51,467. The number of current listings in Palmer is 0, and the percentage of properties for sale in the city is 0.00%. Palmer, IL currently has 0 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 0 properties for sale.

Palmer, IL Real Estate Market Overview

ZipMedian Est. Value
62556

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Housing Market Summary for Palmer, IL

Jan 2023March 2024Change
Median Listing Price$0$64,527.5-
Median Sold Price$92,000$64,527.5-29.86%
Homes For Sale00-
Homes Sold12100.00%
Price
$/Sqft
Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Palmer, IL

Palmer home values range from $13,520 to $168,150. The median estimated value of a home in Palmer is $51,467. The median list price of a home is 0, and the total count of properties in the city is 120.

Foreclosure
There is 1 zips within Palmer, IL; within this zips, the median estimated home value for homes in foreclosure ranges from $0 in $[foreclosures-lowest-avm-region] to the lowest value of $0 in $[foreclosures-lowest-avm-region]. Foreclosure homes account for NaN% of properties in Palmer, IL with $[foreclosures-highest-count-region] containing 0 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Palmer, IL with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Palmer, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Palmer, IL ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Palmer, IL. There is 1 zips within Palmer, IL; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    N/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Palmer, IL. Auction homes and other auction properties account for 0% of all properties in Palmer, IL. There is 1 zips within Palmer, IL; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.00% of residential properties in Palmer, IL with 62556 containing 0 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Palmer, IL; homes for sale in that zips, have a range of median values from $0 in 62556 to the lowest value of $0 in 62556.
    Sold Homes
    The median value for recently sold homes ranges from $96,976 in 62556 to the lowest price of $38,350 in 62556. There is 1 zips within Palmer, IL. 62556 has 2 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.67% of properties in Palmer, IL.

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      Guide for Palmer, IL

      Market Reports
      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Home Buying Guides & Tips
      How To Stop a Foreclosure via a Short Sale
      Financing Guides
      How To Protect Your Credit Score After Foreclosure
      See More Articles
      Springfield Real Estate Grows Modestly to $153K Amidst Shifting Market Dynamics Through March 2024
      Market Reports|posted 22 April 2024

      Market report for Springfield, Illinois, with a snapshot of property values, sales activity, price fluctuations, and comparisons with neighboring cities.

      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
      Market Reports|posted 14 February 2024

      A quick analysis of real estate trends in Chicago and its neighboring areas from November 2022 to December 2023.

      How To Stop a Foreclosure via a Short Sale
      Home Buying Guides & Tips|posted 26 April 2024

      Learn how a short sale can stop the foreclosure process.

      How To Protect Your Credit Score After Foreclosure
      Financing Guides|posted 24 April 2024

      Learn effective strategies to safeguard your credit score after experiencing a foreclosure.

      Recently Listed Homes Palmer, IL

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