Photo: Crosbiesmith · CC BY-SA 4.092 homes sold in Palos Park in the last year, at a typical $580K
About one sale in 4 is a condo. 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 Park homes are listed.
Every place Palos Park 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 Park.
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.
Houses are 76% of Palos Park’s sales, at a typical $634K
92 homes sold in the year to May 2026.
typical sale · 70 sold in 12 months
- Per square foot
- $218IL $180
- Days to sell
- 57
- Sold over asking
- 36%
- Listings with a price cut
- 16%
Townhouses: 17 sold, typical $437K
Condos: 5 sold, typical $278K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at twice the 2016 price
92 sales in the last year, against 132 in 2020 and a low of 60 in 2012. The typical sale went from $292K in 2016 to $580K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $600K buys in Palos Park
Check a listing against what Palos Park 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 Park are more common than before the pandemic, but two thirds fewer homes come up for sale
We read every month of Palos Park’s 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 May 2026, 92 sales.
If you’re buying in Palos Park
- Shop in March. It brings about 13 new listings a month, close to the busiest month, with fewer bidding wars (14% over asking).
- Less room to haggle. Only 16% of listings cut their price, against 23% before the pandemic.
- Bid near asking. Buyers paid 99.1% of the list price on average; 37% paid over.
- You’ll usually have time. Only 43% of homes go under contract within two weeks; the typical one takes 53 days.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 15 a month), and the most competition: 29% close over asking. March and April offer nearly as much choice with fewer homes bid up (14%). January has the least competition (9%) but only about 7 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like Illinois as a whole
| Palos Park now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 37% | 11% | 31% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | 43% | 22% | 43% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 16% | 23% | 22% | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 99.1% | 95.9% | 97.6% | 99.2% |
| Days to sellMedian days from listing to contract | 53 | 114 | 32 | 49 |
20 homes for sale on a typical day
That’s 67% fewer than in 2017–19 and well under 2016’s 67.
1 in 6 listings has cut its price
16% in the last year, against 23% in 2017–19 and 19% across Illinois.
Since 2019, houses are up 60%, condos 62%
A house typically sold for $634K in the last year (70 sales), a condo for $278K (5).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Palos Park ranks 177th of 324 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Palos Park is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Palos Park home costs about $3,978 a month
Price: Palos Park’s typical sale, last 12 months. Property tax at Palos Park’s 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 Park 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 4.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $580K home, about $11,430 a year.
Taxes vs. neighborsSchools
The schools grade for Palos Park, from test results, graduation and how much students grow.
Schools in Palos ParkTypical commute
The average one-way trip to work for people who live in Palos Park.
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.
Palos Heights, Palos Hills, Chicago Ridge, Orland Park and Worth Township sell for less a square foot
The busier markets within 25 miles of Palos Park, 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 | |
|---|---|---|---|---|---|
| Orland Park | 839 | $380K | $200 | 34% | 52 |
| Palos Hills | 240 | $282K | $195 | 27% | 63 |
| Palos Heights | 203 | $365K | $192 | 29% | 53 |
| Chicago Ridge | 156 | $225K | $181 | 31% | 66 |
| Worth Township | 130 | $285K | $189 | 39% | 58 |
| Hickory Hills | 129 | $345K | $217 | 33% | 51 |
| Palos Park | 92 | $580K | $213 | 37% | 53 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Palos Park, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Palos Park. People who follow the town see it, and so do people comparing Palos Park with their own town. No commission, no listing fee.
Questions about buying a home in Palos Park
What do homes sell for in Palos Park, IL?
92 homes sold in the year to May 2026 at a typical $580K, $213 a square foot.
Is Palos Park a buyer’s or seller’s market?
A balanced market: 23 homes were for sale in May 2026 and 5 sold, about 4.6 months of supply. Buyers paid 99.1% of asking on average, and 16% of listings cut their price.
When is the best time to buy in Palos Park?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Palos Park?
About 2% of a home’s value a year. On a $580K home that’s near $11,430.
Where can I see homes for sale in Palos Park?
Zillow, Redfin, Realtor.com and Homes.com all carry Palos Park’s MLS listings; the search links above open each one filtered to Palos Park.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). 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).