Palos Park, IL Real Estate Market Summary – September 7, 2026
In Palos Park, IL, there were 12 homes sold over the last 30 days. The average living area of these homes was approximately 2,396 square feet, with a median living area of 1,960 square feet. The average sale price was $458,681, while the median sale price reached $386,085.
| Metric | 30 Days |
|---|---|
| Number Sold | 12 |
| Sold Per Day | 1 every 2.50 days |
| Average SQFT | 2396 |
| Median Sales Price | $386,085 |
| Average Sales Price | $458,681 |
| Average Price Per SQFT | $215 |
| Average Days on Market | 14 |
| Average Year Built | 1980 |
Palos Park, IL Single Family Home Analysis
Six single-family homes were sold, with an average living area of 2,374 square feet and a median living area of 2,154 square feet. The average sale price for these homes was $611,862, and they typically spent an average of 6 days on the market before being purchased.
| Metric | 30 Days |
|---|---|
| Number Sold | 6 |
| Sold Per Day | 1 every 5.00 days |
| Average SQFT | 2374 |
| Median Sales Price | $632,500 |
| Average Sales Price | $611,862 |
| Average Price Per SQFT | $265 |
| Average Days on Market | 6 |
| Average Year Built | 1973 |
Palos Park, IL Condo & Townhome Analysis
In the condo and townhome segment, 6 units were sold, averaging 2,418 square feet in living area with a median living area of 1,700 square feet. These properties had an average sale price of $305,500 and were on the market for an average of 21 days before being sold.
| Metric | 30 Days |
|---|---|
| Number Sold | 6 |
| Sold Per Day | 1 every 5.00 days |
| Average SQFT | 2418 |
| Median Sales Price | $319,000 |
| Average Sales Price | $305,500 |
| Average Price Per SQFT | $166 |
| Average Days on Market | 21 |
| Average Year Built | 1987 |
Buyer & Seller Analysis
- A total of 12 homes changed hands in the past month, averaging 0.4 homes sold per day.
- Single-family homes had an average days on market of 6, indicating a relatively quick transaction pace.
- The average price per square foot for single-family homes was $264, suggesting higher-value properties compared to condos.
- Condo and townhome sales averaged 21 days on the market, which is longer than the average for single-family homes.
Conclusion
Overall, the Palos Park real estate market indicates a steady flow of transactions, with notable differences between property types. The average days on market and price per square foot highlight the varying dynamics in the single-family and condo segments.