Palos Park, IL Home Values & Market Trends

Real estate market trends reflect that there have been 146 transactions over the past year in Palos Park. The median value for residential home transactions that occurred over the previous year is $462,480.04. The number of current listings in Palos Park is 6, and the percentage of properties for sale in the city is 6.00%. Palos Park, IL currently has 16 properties in foreclosure, 0 bank owned properties, 6 properties headed for auction, and 6 properties for sale.

Palos Park, IL Real Estate Market Overview

ZipMedian Est. Value
60464

$ 664,006

$ 249/sqft

Housing Market Summary for Palos Park, IL

Mar 2023February 2024Change
Median Listing Price$775K$431.4K-44.34%
Median Sold Price$504.1K$431.4K-14.43%
Homes For Sale54-20.00%
Homes Sold10314338.83%
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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 Palos Park, IL

Palos Park home values range from $109,700 to $3,521,359. The median estimated value of a home in Palos Park is $462,480.04. The median list price of a home is 692,000, and the total count of properties in the city is 3,673.

Foreclosure
There is 1 zips within Palos Park, IL; within this zips, the median estimated home value for homes in foreclosure ranges from $1,932,540 in 60464 to the lowest value of $333,750 in 60464. Foreclosure homes account for 0.00% of properties in Palos Park, IL with 60464 containing 16 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.27% of all residential properties in Palos Park, IL with 60464 containing 10 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Palos Park, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $1,332,139 in 60464 to the lowest home value of $333,750 in 60464.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Palos Park, 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 Palos Park, IL. There is 1 zips within Palos Park, IL; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    60464 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Palos Park, IL. Auction homes and other auction properties account for 0.16% of all properties in Palos Park, IL. There is 1 zips within Palos Park, IL; of that zips, the median estimated home value for homes going to auction ranges from $1,932,540 in 60464 to the lowest value of $416,250 in 60464.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.16% of residential properties in Palos Park, IL with 60464 containing 6 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Palos Park, IL; homes for sale in that zips, have a range of median values from $725,000 in 60464 to the lowest value of $404,132 in 60464.
    Sold Homes
    The median value for recently sold homes ranges from $2,227,932 in 60464 to the lowest price of $174,714 in 60464. There is 1 zips within Palos Park, IL. 60464 has 143 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.89% of properties in Palos Park, IL.

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      Guide for Palos Park, IL

      Market Reports
      Chicago’s Real Estate Market Experiences Year-Long Zigzag in House Prices, 2022-2023
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      Newark Real Estate Market Report, March 2024
      Home Buying Financing
      How To Get House Mortgage With Low Credit Score
      Wholesale
      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
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      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.

      Newark Real Estate Market Report, March 2024
      Market Reports|posted 22 March 2024

      The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.

      How To Get House Mortgage With Low Credit Score
      Home Buying Financing|posted 22 March 2024

      Learn how to secure a house mortgage even with a low credit score.

      Legal Pitfalls to Avoid When Dealing with Pre-Foreclosure Sellers
      Wholesale|posted 20 March 2024

      Explore the legal pitfalls to avoid when dealing with pre-foreclosure sellers. Learn how to navigate the complex process safely and protect yourself from costly mistakes and legal complications.

      Recently Listed Homes Palos Park, IL

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