Property prices for sale in Palos Heights (Illinois)

The prices in real estate in Palos Heights, in the Illinois region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.

$415,714.17
Average price last 6 months
$192.33
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Palos Heights has increased strongly during the last 6 months. In January, the average price per sq.feet was $161. In the following month the price per sq.feet increased considerably to $201. In the following two months the price per sq.feet has increased 107 %, going from $181 to $193 per sq.feet. The price per sq.feet has increased 109 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $187 to $203 during May, and June.

Average price

Based upon to the price in Palos Heights (cities), this has fallen considerably in the last 6 months. The average price for January is $498,883. During February the price had a considerable reduction till $401,846. During the following two months (March, April) the average price had a considerable reduction of 83 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $412,278.75 and $422,585 between May and June.

Average price per bedrooms

The graph showing the average price for bedrooms displays the property with the lowest price has 1 bedroom. It is 33 % cheaper than the average price of $282,182 in Palos Heights. Based on the bedrooms values, properties with the lowest prices are those with 1 bedroom. They are 33 % more affordable than the average aforementioned.

With regard to the average prices per sq.feet those properties with 1 bedroom are 61 % cheaper than the average price of ($79 / sq.feet) in Palos Heights. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 61 % cheaper than the average value aforementioned.

Price per property type

The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $421,658 it is 50 % cheaper than the average price in Palos Heights. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial Property". At a price of $212,383 it is 33 % more affordable than the average price.

According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $35 / sq.feet followed by "House" priced at $79 / sq.feet. "House" is the cheapest type of property with a $79 / sq.feet value followed by "Commercial Property" with an average price of $35 / sq.feet.

Charts data
Average price June
Average price per sq.feet June
Number of properties used in Palos Heights
Number of properties used in region Illinois
$421,658
$203
392
392,282
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value