Altos Market Data for Realtors

Palos Park, IL

Single-Family Homes

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Palos Park, IL

Wed Oct 20 2021
This week the median list price for Palos Park, IL is $599,900 with the market action index hovering around 38. This is an increase over last month's market action index of 35. Inventory has decreased to 27. 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 Seller's Advantage

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Palos Park, IL

Wed Oct 20 2021
This week the median list price for Palos Park, IL is $599,900 with the market action index hovering around 38. This is an increase over last month's market action index of 35. Inventory has decreased to 27. 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 Seller's Advantage

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Palos Park market.
Median List Price $599,900
Median Price of New Listings $595,000
Per Square Foot $198
Average Days on Market 130
Median Days on Market 63
Price Decreased 52%
Price Increased 0%
Relisted 26%
Inventory 27
Median Rent
Market Action 38
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$1,474,950 7,700 1 - 2.5 acres 5 5 15 0 0 70
$719,900 3,280 1 - 2.5 acres 4 3 40 0 2 119
$550,000 3,500 0.5 - 1 acre 4 3 42 1 1 21
$419,900 2,000 0.5 - 1 acre 3 2 51 0 0 42