Photo: Crosbiesmith · CC BY-SA 4.0253 homes sold in Palos Hills in the last year, at a typical $294K
Houses and condos split the market almost evenly. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Palos Hills homes are listed.
Every place Palos Hills homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Palos Hills.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Half of Palos Hills’ sales are condos, at $192K less than a house
90 houses and 121 condos sold in the year to May 2026. Houses draw more bidding wars.
typical sale · 90 sold in the year to May 2026
- Per square foot
- $218IL $180
- Days to sell
- 63
- Sold over asking
- 37%
- Listings with a price cut
- 20%
typical sale · 121 sold in the year to May 2026
- Per square foot
- $186IL $251
- Days to sell
- 61
- Sold over asking
- 22%
- Listings with a price cut
- 16%
Multi-family (2–4 units): 1 sold, typical $455K
Townhouses: 28 sold, typical $314K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at twice the 2016 price
253 sales in the last year, against 318 in 2021 and a low of 207 in 2012. The typical sale went from $150K in 2016 to $294K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $300K buys in Palos Hills
Check a listing against what Palos Hills homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Palos Hills are more common than before the pandemic, but 17% fewer homes come up for sale
We read every month of Palos Hills’ home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 253 sales.
If you’re buying in Palos Hills
- Shop in August. It brings about 32 new listings a month, close to the busiest month, with fewer bidding wars (23% over asking).
- Bid near asking. Buyers paid 98.7% of the list price on average; 28% paid over.
- You’ll usually have time. Only 43% of homes go under contract within two weeks; the typical one takes 61 days.
Summer brings the homes; spring brings the bidding wars
June has the most new listings (about 36 a month), but May is the most competitive: 31% of May sales close over asking. July and August offer nearly as much choice with fewer homes bid up (25%). January has the least competition (19%) but only about 19 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and calmer than Illinois
| Palos Hills now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 28% | 17% | 36% | 36% |
| Gone within two weeksShare of homes under contract within 14 days | 43% | 37% | 55% | 45% |
| Price paid vs. askingAverage sale price ÷ list price | 98.7% | 96.5% | 98.5% | 99% |
| Days to sellMedian days from listing to contract | 61 | 58 | 14 | 51 |
66 homes for sale on a typical day
That’s twice the 2021 low (32), 17% fewer than in 2017–19 and well under 2012’s 118.
Since 2019, houses are up 54%, condos 64%
A house typically sold for $422K in the year to May 2026 (90 sales), a condo for $229K (121).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Palos Hills ranks 256th of 327 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Palos Hills is one of the state’s calmer markets.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Palos Hills home costs about $2,026 a month
Price: Palos Hills’ typical sale, last 12 months. Property tax at Palos Hills’ 2% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Palos Hills is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 14.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $294K home, about $5,900 a year.
Taxes vs. neighborsSchools
The schools grade for Palos Hills, from test results, graduation and how much students grow.
Schools in Palos HillsTypical commute
The average one-way trip to work for people who live in Palos Hills.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Chicago Ridge sells for less a square foot
The busier markets within 25 miles of Palos Hills, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Palos Hills | 253 | $294K | $196 | 28% | 61 |
| Palos Heights | 208 | $367K | $199 | 33% | 49 |
| Chicago Ridge | 155 | $214K | $183 | 30% | 66 |
| Bridgeview | 145 | $316K | $213 | 43% | 58 |
| Hickory Hills | 124 | $361K | $220 | 41% | 53 |
| Justice | 105 | $289K | $192 | 39% | 62 |
| Palos Park | 75 | $543K | $224 | 29% | 49 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Palos Hills, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Palos Hills. People who follow the town see it, and so do people comparing Palos Hills with their own town. No commission, no listing fee.
Questions about buying a home in Palos Hills
What do homes sell for in Palos Hills, IL?
253 homes sold in the year to September 2026 at a typical $294K, $196 a square foot. Houses sold for about $422K, condos for about $229K in the year to May 2026.
Is Palos Hills a buyer’s or seller’s market?
A seller’s market: 78 homes were for sale in September 2026 and 23 sold, about 3.3 months of supply. Buyers paid 98.7% of asking on average.
When is the best time to buy in Palos Hills?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Palos Hills?
About 2% of a home’s value a year. On a $294K home that’s near $5,900.
Where can I see homes for sale in Palos Hills?
Zillow, Redfin, Realtor.com and Homes.com all carry Palos Hills’ MLS listings; the search links above open each one filtered to Palos Hills.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).