Why Live in Palos Park
Palos Park, a neighborhood with a rich history dating back to 1893, is known for its spacious homes and artistic heritage. Originally a retreat for Chicago's elite and artists, the area has evolved into a residential community with a population of around 5,000. The neighborhood features a variety of home styles, including 1920s cottages, mid-century modern properties, and early-2000s estates, many with historical significance. Most homes sit on over an acre of land, providing ample space and privacy. Palos Park boasts a top-rated public school system, with Palos East Elementary, Palos South Middle, and Amos Alonzo Stagg High School all receiving high marks. The neighborhood is surrounded by the Cook County Forest Preserves, offering numerous attractions such as the Palos Preserves, Cap Sauers Holding Nature Preserve, and Swallow Cliff, which are ideal for outdoor activities like hiking, biking, and stargazing. Residents can enjoy local dining options like Plush Horse Palos Park for homemade ice cream, Wu’s House for hibachi and sushi, and Francesca’s Vicinato for Italian cuisine. The area also hosts various community events, including the Autumn in the Park festival and the Village Tree Lighting Ceremony. For shopping and errands, residents often drive to nearby Orland Park, which features large retailers and grocery stores. Medical care is readily accessible at Northwestern Medicine Palos Hospital. While the neighborhood is primarily car-dependent, public transportation options include the CTA and Metra, providing convenient access to Chicago and its airports. Palos Park is considered safer than the national average, making it a desirable place to live.
Home Trends in Palos Park, IL
On average, homes in Palos Park, IL sell after 35 days on the market compared to the national average of 50 days. The median sale price for homes in Palos Park, IL over the last 12 months is $525,000, up 21% from the median home sale price over the previous 12 months.
Median Sale Price
$525,000
Median Single Family Sale Price
$608,495
Median Townhouse Sale Price
$531,807
Median 2 Bedroom Sale Price
$259,000
Median 1 Bedroom Sale Price
$139,250
Average Price Per Sq Ft
$213
Number of Homes for Sale
43
Last 12 months Home Sales
129
Median List Price
$569,350
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
21%