Palos Hills, IL Foreclosures
How much do homes sell for in Palos Hills, IL?
The average home price is currently $313,559.
In Palos Hills, IL, how many homes are available?
There are currently 53 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 $14,833.
Living in Palos Hills, IL
Palos Hills is a serene suburban city in Cook County, Illinois, known for its family-friendly atmosphere, green spaces, and recreational activities. The area boasts numerous parks, hiking trails, and nearby lakes, making it ideal for outdoor enthusiasts. With good schools and a strong sense of community, it's a desirable location for families and professionals alike.
Current Market Conditions in Palos Hills, IL
The Palos Hills real estate market has shown steady growth over the past few months, characterized by a balance between supply and demand. Homes are selling at a consistent rate, with an increase in new listings attracting potential buyers. Overall, the market remains favorable for both sellers and buyers, indicating healthy activity.
In recent months, Palos Hills has experienced an uptick in home prices, reflecting a growing demand for housing in suburban areas. Many new families are relocating to the area for its excellent schools and safe neighborhoods. As a result, the average days on the market for homes has decreased, indicating a competitive real estate landscape.
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 $288,212.00. 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 $313,559.00, 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 $14,833.00. 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.
Learn more on Foreclosure homes
