Palos Heights, IL Foreclosures
How much do homes sell for in Palos Heights, IL?
The average home price is currently $416,877.
In Palos Heights, IL, how many homes are available?
There are currently 1 active home listings available in Palos Heights.
What’s the average rental cost in Palos Heights, IL?
The average rental price in Palos Heights is $2,265.
What is the most expensive home in Palos Heights?
The most expensive home sold in Palos Heights had a price of $12,718,540.
What is currently the cheapest priced home in Palos Heights, IL?
The cheapest home for sale in Palos Heights is priced at $18,626.
Living in Palos Heights, IL
Palos Heights, IL is a charming suburban community known for its excellent schools, beautiful parks, and family-friendly atmosphere. Located just south of Chicago, it offers residents a peaceful lifestyle while maintaining easy access to urban conveniences. The town hosts a variety of recreational activities and events, making it a great place to live and raise a family.
Current Market Conditions in Palos Heights, IL
The real estate market in Palos Heights has been active, with a steady demand for homes due to the area's desirable amenities and school system. Buyers are drawn to the suburban lifestyle coupled with close proximity to Chicago, making properties here highly sought after. Recent trends show an increase in average home prices, signaling a strong market.
Palos Heights has a diverse inventory of homes, including single-family houses, townhouses, and condos, catering to different buyer preferences. With limited inventory and consistent demand, competition among buyers tends to drive prices higher, especially for well-maintained homes in prime locations.
Home Value Estimator For Palos Heights, IL
There are currently 6,031 real estate properties
in Palos Heights, IL,
with a median automated valuation model (AVM) price
of $386,686.00. 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 Heights, 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 Heights, IL,
is $416,877.00, with the most expensive house
in Palos Heights, IL, topping out
at $12,718,540.00 and the cheapest home
in Palos Heights, IL,
clocking in at $18,626.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Palos Heights, IL!
Rent Prices
In Palos Heights, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Palos Heights, IL, is on
a rollercoaster ride. The
average rent price in Palos Heights, IL,
is $2,265.00. Indeed, when looking to rent in
Palos Heights, IL, you can expect to pay as little
as $1,300.00 or as much
as $5,500.00,
with the average rent median estimated to
be $2,150.00. The good news is that finding
an affordable and desirable property to rent in Palos Heights, 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.
Learn more on Foreclosure homes
