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Featured local agent — Palos Hills, IL
Sarah Mitchell
Compass Real Estate · Palos Hills, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Palos Hills, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$300,000median sale price
How is the Palos Hills, IL housing market right now?
The median home sale price in Palos Hills, IL is $300,000, up 8.7% year-over-year. Homes sell in an average of 47 days with 70 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 Hills a buyer's or seller's market?
Palos Hills, IL is currently a balanced market, based on 3.2 months of supply and homes selling in about 47 days. How we determine this →
Homes sold
22
Last 12 weeks
Days on market
47
Average pace
Active listings
70
3.2 months supply
Sale-to-list
100.0%
Below asking
What does the Palos Hills housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $300,000 |
| Median list price | $310,000 |
| Year-over-year price change | +8.7% |
| Average days on market | 47 days |
| Active inventory | 70 listings |
| Months of supply | 3.2 months |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $207/sq ft |
| Homes sold (latest month) | 22 |
| New listings (latest month) | 31 |
| Listings with a price cut | 20.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Palos Hills by property type?
How the Palos Hills, 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 | $430,000 | $251/sq ft | 7 | 36 days |
| Condo / Co-op | $206,750 | $201/sq ft | 12 | 47 days |
| Townhouse | $425,000 | $227/sq ft | 3 | 71 days |
Source: Redfin · Updated monthly
The Palos Hills housing market is currently classified as a balanced market with a median sale price of $300,000. Prices have risen 8.7% compared to last year, with homes spending an average of 47 days on market, indicating 3.2 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 3.4x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Palos Hills
There are currently 70 homes listed for sale in Palos Hills, Illinois. The median listing price is $310K.
Active listings
70
Homes on market
Median list price
$310K
Avg. days on market
47
Days until sale
New this week
31
Newly listed
Who lives in Palos Hills?
Population
18,139
Median income
$83,969/yr
Median age
42.5 years
Owner-occupied
79.6%
College grads
25.0%
Avg commute
34.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Palos Hills?
Zillow home value
$287,847
Price-to-income
3.4x
Source: Zillow Research
What is it like to live in Palos Hills?
Palos Hills is a community of approximately 18K residents with a median age of 42.5 years.The median household income is $83,969, which reflects a relatively affluent area with strong earning potential. 25.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 79.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 34.4 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Palos Hills offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Palos Hills?
3 schools tracked · 3,786 students
The largest public schools serving Palos Hills, 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.
Amos Alonzo Stagg High School
Grades 9-12 · 2,583 students
Oak Ridge Elem School
Grades 2-5 · 753 students
Dr Kenneth M Sorrick School
Grades PK-1 · 450 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 Hills, IL?
Want a head-to-head view? Compare Palos Hills 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 Hills?
The median home sale price in Palos Hills is $300,000, up 8.7% from last year.
How long do homes stay on market in Palos Hills?
Homes typically spend 47 days on market before going under contract.
What is the median income in Palos Hills?
The median household income is $83,969 per year.
Is Palos Hills a buyer's or seller's market?
With 3.2 months of supply, Palos Hills is currently a balanced market.
What is the Zillow home value estimate for Palos Hills?
The Zillow Home Value Index (ZHVI) for Palos Hills is $287,847, representing the typical home value in the area.
What is the median condo price in Palos Hills?
The median condo/co-op sale price in Palos Hills, IL is $206,750, compared to $430,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Palos Hills?
The median single-family home price in Palos Hills, IL is $430,000 (about $251 per square foot).
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