Altos Market Data for Realtors

Palos Heights, IL

Single-Family Homes

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Palos Heights, IL

Tue Sep 21 2021
This week the median list price for Palos Heights, IL is $399,900 with the market action index hovering around 55. This is less than last month's market action index of 58. Inventory has increased to 21. 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

Tue Sep 21 2021
This week the median list price for Palos Heights, IL is $399,900 with the market action index hovering around 55. This is less than last month's market action index of 58. Inventory has increased to 21. 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 $399,900
Median Price of New Listings $369,600
Per Square Foot $162
Average Days on Market 60
Median Days on Market 28
Price Decreased 43%
Price Increased 0%
Relisted 10%
Inventory 21
Median Rent $2,795
Market Action 55
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
$599,999 5,031 0.25 - 0.5 acre 5 4 47 0 0 70
$399,999 2,872 0.25 - 0.5 acre 4 3 59 0 0 42
$389,900 2,125 0.25 - 0.5 acre 4 3 58 1 0 7
$325,000 1,723 0.25 - 0.5 acre 3 2 59 3 0 35