Altos Market Data for Realtors

Palos Heights, IL

Single-Family Homes

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Palos Heights, IL

Wed Oct 20 2021
This week the median list price for Palos Heights, IL is $394,900 with the market action index hovering around 53. This is about the same as last month's market action index of 53. Inventory has decreased to 19. Click here to stay informed with the Palos Heights market!

Market Action Index

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

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Palos Heights, IL

Wed Oct 20 2021
This week the median list price for Palos Heights, IL is $394,900 with the market action index hovering around 53. This is about the same as last month's market action index of 53. Inventory has decreased to 19. Click here to stay informed with the Palos Heights market!

Market Action Index

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

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Palos Heights market.
Median List Price $394,900
Median Price of New Listings $372,200
Per Square Foot $184
Average Days on Market 67
Median Days on Market 49
Price Decreased 42%
Price Increased 5%
Relisted 16%
Inventory 19
Median Rent $2,200
Market Action 53
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
$599,499 4,797 0.25 - 0.5 acre 5 3 34 1 0 59
$429,900 2,400 0.25 - 0.5 acre 4 3 59 0 0 56
$374,900 1,733 0.25 - 0.5 acre 3 2 59 2 2 49
$299,900 1,596 0.25 - 0.5 acre 3 2 62 1 2 28