Housing in Palos Hills, IL

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$268,000

Median List Price

$275,900

Price Per Sq Ft

$177

Days on Market

83

Active Inventory

52

Months of Supply

5.8

Balanced market

Zillow Home Value

$273,493

ZHVI — January 2026

Price Trends

Source: Redfin
Sale Price ↓ 13.5%List Price ↓ 24.9%Mar 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

22.2%

Off Market in 2 Weeks

21.7%

Sale-to-List Ratio

98.3%

Buyer's market

Sold Above Asking
22.2%
Under Contract in 2 Wks
21.7%
Listings with Price Drops
17.3%

Market Activity

Source: Redfin

Homes Sold

9

New Listings

15

Pending Sales

23

Homes Sold ↓ 76.9%New Listings ↓ 37.5%Pending ↓ 30.3%Mar 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$177

Median List $/SF

$211

Sale $/SF ↓ 3.8%List $/SF ↑ 10.5%Mar 24 → Jan 26

Palos Hills vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with 10,000 - 25,000 residents. Palos Hills is highlighted.

Median Home Value

Median Rent

Median Price Per Sq Ft

Rent Burden

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$259,200

Median Rent

$1,267

Total Housing Units

7,885

Vacancy Rate

7.1%

Owner Occupied

79.6%

Renter Occupied

20.4%

Median Property Tax

$5,618

per year

Monthly Cost (w/ Mortgage)

$1,455

Housing Types

Single Family
54.1%
Multi-Family
45.9%
Mobile Home
0.0%

The current median sale price in Palos Hills, IL is $268,000 according to Redfin data. Homes spend a median of 83 days on the market. 22.2% of homes sold above asking price. The market has 5.8 months of supply. The median price per square foot is $177. The median rent is $1,267 per month (Census ACS). About 79.6% of housing units are owner-occupied. The median year homes were built is 1977. There are 7,885 total housing units.