Palos Park, IL housing market
The typical Palos Park home is worth about $564,000, up 10.1% in a year, 89% above the Illinois typical home. Homes typically sell in 45 days, close to asking.
Home values, sales, trends and how Palos Park compares with the towns next door — updated as new data is published.
Palos Park at a glance
A balanced market
About 4.6 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Palos Park | Illinois |
|---|---|---|
| 2017 | $339,000 | $181,000 |
| 2018 | $348,000 | $190,000 |
| 2019 | $352,000 | $195,000 |
| 2020 | $361,000 | $200,000 |
| 2021 | $389,000 | $215,000 |
| 2022 | $429,000 | $236,000 |
| 2023 | $457,000 | $248,000 |
| 2024 | $477,000 | $263,000 |
| 2025 | $495,000 | $278,000 |
| 2026 | $532,000 | $290,000 |
| August 2026 | $564,000 | $298,000 |
Palos Park and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Palos Park | $564K | +10.1% | 45 | $121,696 |
| Lemont | — | — | 35 | $123,370 |
| Palos Heights | $404K | +5% | 55 | $108,740 |
| Orland Park | $413K | +6.1% | 40 | $98,910 |
| Palos Hills | $299K | +4.8% | 47 | $83,533 |
| Lemont | $592K | +7.5% | — | $120,984 |
4.6 years of income
The typical Palos Park home costs about 4.6 years of the town's median household income, more than across Illinois (3.6 years).
How Palos Park ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.