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Colonial Heights Ishnala Lake Katherine Oak Hills

PALOS PARK, IL 60464

Real Estate Market Report  ·  Cook County
Seller's Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 60464

Colonial Heights · Ishnala · Lake Katherine · Oak Hills

Market Analysis

Data as of February 2026. Source: Realtor.com.

The PALOS PARK, IL real estate market (60464) currently shows 22 active listings, with 6 pending sales. Homes are averaging 43 days on the market before going under contract.

Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 43 days on market compared to 140 days last year.

The median listing price has fallen 33.3% year-over-year, from $595,725 to $397,500.

Whether you are buying or selling in PALOS PARK, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 9,779  ·  Density: 286.8/mi²  ·  Median household income: $127,686

Typical home value: $454,226  ·  Homeownership: 91.5%

Market Overview

Active Listings
22
⇩ 26.7% vs 30 last year
Pending
6
27% pending ratio
Median Price
$397,500
⇩ 33.3% vs $595,725 last year
Average Price
$549,974
⇩ 9.3% vs $606,559 last year
Days on Market
43
⇩ 69.3% vs 140 days last year

Price Per Square Foot

Median $/sqft
$225
⇧ 6.6% vs $211/sqft last year
Median Home Size
1,672 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 22 this year vs 30 last year
  • Days on market: 43 now vs 140 last year

Median & Average Pricing

Year over Year
  • Median: $397,500 (-33.3% YoY)
  • Average: $549,974 (-9.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 8.0 miles — 667 listings ($323,666,674 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60464Palos Park, IL 604640.0 mi18$9,640,638$407,500$535,591
60480Willow Springs, IL 604803.4 mi14$8,970,570$460,000$640,755
60482Worth, IL 604824.1 mi33$9,425,988$279,900$285,636
60457Hickory Hills, IL 604574.2 mi21$9,206,211$375,000$438,391
60415Chicago Ridge, IL 604155.1 mi43$11,025,286$205,000$256,402
60458Justice, IL 604585.7 mi24$8,464,464$332,450$352,686
60527Willowbrook, IL 605276.1 mi85$116,310,600$975,000$1,368,360
60453Oak Lawn, IL 604536.7 mi160$49,096,800$299,999$306,855
60418Crestwood, IL 604186.8 mi21$5,142,669$227,250$244,889
60452Oak Forest, IL 604527.3 mi60$17,687,820$290,000$294,797
60487Tinley Park, IL 604877.7 mi46$19,171,374$379,900$416,769
60525La Grange, IL 605257.8 mi46$28,892,094$449,000$628,089
60477Tinley Park, IL 604778.0 mi96$30,632,160$290,000$319,085

Frequently Asked Questions

How many homes are for sale in PALOS PARK, IL 60464?

As of February 2026, there are 22 active listings in PALOS PARK, IL (zip code 60464), compared to 30 the prior year.

What is the median home price in PALOS PARK, IL 60464?

The median listing price in PALOS PARK, IL 60464 is $397,500 as of February 2026, a 33.3% decrease from $595,725 the prior year.

How long do homes stay on the market in PALOS PARK, IL?

Homes in PALOS PARK, IL 60464 spend an average of 43 days on the market before going under contract, compared to 140 days the prior year.

Is it a seller's or buyer's market in PALOS PARK, IL 60464?

Based on current inventory and days-on-market data as of February 2026, PALOS PARK, IL 60464 is currently a Seller's Market. Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 43 days on market compared to 140 days last year.

How much can I save on real estate commission in PALOS PARK, IL?

With SELL123.com's maximum 3% commission, sellers in PALOS PARK, IL 60464 save an estimated $7,950 compared to a typical 5% commission on the median listing price of $397,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.