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Rent To Own Homes in Palos Hills, IL 60465

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Palos Hills, IL Foreclosures

How much do homes sell for in Palos Hills, IL?
The average home price is currently $314,503.
In Palos Hills, IL, how many homes are available?
There are currently 26 active home listings available in Palos Hills.
What’s the average rental cost in Palos Hills, IL?
The average rental price in Palos Hills is $1,672.
What is the most expensive home in Palos Hills?
The most expensive home sold in Palos Hills had a price of $4,597,723.
What is currently the cheapest priced home in Palos Hills, IL?
The cheapest home for sale in Palos Hills is priced at $15,013.

Living in Palos Hills, IL

Palos Hills, IL, is a tranquil suburban community perfect for families, offering quality schools and ample green space. With easy access to outdoor activities and public transportation, it provides a serene escape while remaining close to Chicago's urban excitement.

Current Market Conditions in Palos Hills, IL

The current real estate market in Palos Hills shows a healthy balance between buyers and sellers, with properties selling relatively quickly compared to previous years. The demand for family-friendly homes has increased, partly due to its regarded school districts and abundance of parks.

Year-over-year, Palos Hills has seen a steady increase in home prices, reflecting the desirability of the area. Interest rates remain low, which continues to drive buyer interest and competition in the market.

While some properties are seeing multiple offers, new construction and renovations are on the rise, catering to modern needs and preferences of buyers looking to settle in this welcoming community.

Home Value Estimator For Palos Hills, IL

There are currently 7,559 real estate properties in Palos Hills, IL, with a median automated valuation model (AVM) price of $288,258.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Palos Hills, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Palos Hills, IL, is $314,503.00, with the most expensive house in Palos Hills, IL, topping out at $4,597,723.00 and the cheapest home in Palos Hills, IL, clocking in at $15,013.00. In other words, there’s something for every potential homebuyer or savvy investor in Palos Hills, IL!

Rent Prices In Palos Hills, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Palos Hills, IL, is on a rollercoaster ride. The average rent price in Palos Hills, IL, is $1,672.00. Indeed, when looking to rent in Palos Hills, IL, you can expect to pay as little as $730.00 or as much as $3,470.00, with the average rent median estimated to be $1,650.00. The good news is that finding an affordable and desirable property to rent in Palos Hills, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Palos Hills, IL 60465 Rent To Own Homes

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