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Featured local agent — Palos Heights, IL
Sarah Mitchell
Compass Real Estate · Palos Heights, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Palos Heights, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$401,000median sale price
How is the Palos Heights, IL housing market right now?
The median home sale price in Palos Heights, IL is $401,000, up 4.8% year-over-year. Homes sell in an average of 55 days with 45 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Palos Heights a buyer's or seller's market?
Palos Heights, IL is currently a balanced market, based on 2.3 months of supply and homes selling in about 55 days. How we determine this →
Homes sold
20
Last 12 weeks
Days on market
55
Average pace
Active listings
45
2.3 months supply
Sale-to-list
99.1%
Below asking
What does the Palos Heights housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $401,000 |
| Median list price | $429,900 |
| Year-over-year price change | +4.8% |
| Average days on market | 55 days |
| Active inventory | 45 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 99.1% |
| Median price per sq ft | $195/sq ft |
| Homes sold (latest month) | 20 |
| New listings (latest month) | 23 |
| Listings with a price cut | 15.6% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Palos Heights by property type?
How the Palos Heights, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $435,000 | $196/sq ft | 11 | 34 days |
| Condo / Co-op | $292,450 | $193/sq ft | 4 | 54 days |
| Townhouse | $320,000 | $155/sq ft | 5 | 78 days |
Source: Redfin · Updated monthly
The Palos Heights housing market is currently classified as a balanced market with a median sale price of $401,000. Prices have risen 4.8% compared to last year, with homes spending an average of 55 days on market, indicating 2.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.7x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Palos Heights
There are currently 45 homes listed for sale in Palos Heights, Illinois. The median listing price is $430K.
Active listings
45
Homes on market
Median list price
$430K
Avg. days on market
55
Days until sale
New this week
23
Newly listed
Who lives in Palos Heights?
Population
11,817
Median income
$107,974/yr
Median age
51.2 years
Owner-occupied
95.2%
College grads
43.0%
Avg commute
29.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Palos Heights?
Zillow home value
$398,670
Price-to-income
3.7x
Source: Zillow Research
What is it like to live in Palos Heights?
Palos Heights is a community of approximately 12K residents with a median age of 51.2 years.The median household income is $107,974, which reflects a relatively affluent area with strong earning potential. 43.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 95.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 29.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Palos Heights offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Palos Heights?
6 schools tracked · 3,454 students
The largest public schools serving Palos Heights, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
A B Shepard High Sch (Campus)
Grades 9-12 · 1,960 students
Palos East Elementary School
Grades K-5 · 703 students
Chippewa Elem School
Grades 1-3 · 246 students
Independence Jr High School
Grades 6-8 · 208 students
Indian Hill
Grades PK-K · 170 students
Navajo Heights Elem School
Grades 4-5 · 167 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Palos Heights, IL?
Want a head-to-head view? Compare Palos Heights side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Palos Heights?
The median home sale price in Palos Heights is $401,000, up 4.8% from last year.
How long do homes stay on market in Palos Heights?
Homes typically spend 55 days on market before going under contract.
What is the median income in Palos Heights?
The median household income is $107,974 per year.
Is Palos Heights a buyer's or seller's market?
With 2.3 months of supply, Palos Heights is currently a balanced market.
What is the Zillow home value estimate for Palos Heights?
The Zillow Home Value Index (ZHVI) for Palos Heights is $398,670, representing the typical home value in the area.
What is the median condo price in Palos Heights?
The median condo/co-op sale price in Palos Heights, IL is $292,450, compared to $435,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Palos Heights?
The median single-family home price in Palos Heights, IL is $435,000 (about $196 per square foot).
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