Altos Market Data for Realtors

Palos Hills, IL

Single-Family Homes

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Palos Hills, IL

Tue Sep 21 2021
This week the median list price for Palos Hills, IL is $347,500 with the market action index hovering around 51. This is less than last month's market action index of 53. Inventory has increased to 22. Click here to stay informed with the Palos Hills market!

Market Action Index

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

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Palos Hills, IL

Tue Sep 21 2021
This week the median list price for Palos Hills, IL is $347,500 with the market action index hovering around 51. This is less than last month's market action index of 53. Inventory has increased to 22. Click here to stay informed with the Palos Hills market!

Market Action Index

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

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Palos Hills market.
Median List Price $347,500
Median Price of New Listings $367,500
Per Square Foot $175
Average Days on Market 72
Median Days on Market 42
Price Decreased 41%
Price Increased 5%
Relisted 18%
Inventory 22
Median Rent $6,000
Market Action 51
Strong Seller's Market

The market appears to be hovering around these current levels, though prices movved up a bit this week. The Market Action Index is a good leading indicator for the durability of this shift.

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
$725,900 3,632 0.5 - 1 acre 5 3 32 0 0 84
$379,900 2,446 8,000 - 10,000 sqft 3 2 48 2 1 7
$327,450 2,050 0.25 - 0.5 acre 3 2 60 1 1 24
$264,500 1,088 0.25 - 0.5 acre 3 1 70 1 2 98