Altos Market Data for Realtors

Palos Park, IL

Single-Family Homes

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Palos Park, IL

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. 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

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. 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 $699,000
Median Price of New Listings $899,000
Per Square Foot $212
Average Days on Market 121
Median Days on Market 63
Price Decreased 43%
Price Increased 0%
Relisted 18%
Inventory 28
Median Rent
Market Action 36
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.

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
$1,500,000 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