Tue Sep 21 2021
This week the median list price for Palos Park, IL is $699,000 with the market action index hovering around 36. This is an increase over last month's market action index of 33. Inventory has decreased to 28.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$699,000|
|Median Price of New Listings||$899,000|
|Per Square Foot||$212|
|Average Days on Market||121|
|Median Days on Market||63|
|Slight Seller's Advantage|
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,500,000||7,000||1 - 2.5 acres||5||5||13||0||0||63|
|$785,000||4,462||1 - 2.5 acres||4||3||44||1||1||77|
|$624,900||3,800||0.5 - 1 acre||4||3||40||0||0||84|
|$429,900||2,000||0.5 - 1 acre||3||2||67||0||2||21|