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Colonial Heights Downtown Palos Heights (Downtown) Ishnala Lake Katherine Navajo Hills Oak Hills Old Westgate Westgate Valley

PALOS HEIGHTS, IL 60463

Real Estate Market Report  ·  Cook County
Balanced Market
April 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 60463

Colonial Heights · Downtown Palos Heights (Downtown) · Ishnala · Lake Katherine · Navajo Hills · Oak Hills · Old Westgate · Westgate Valley

Market Analysis

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

The PALOS HEIGHTS, IL real estate market (60463) currently shows 46 active listings, with 22 pending sales. Homes are averaging 31 days on the market before going under contract.

Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 31 days on market compared to 28 days last year.

The median listing price has risen 7.3% year-over-year, from $359,400 to $385,725.

Whether you are buying or selling in PALOS HEIGHTS, 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: 13,687  ·  Density: 1,003.8/mi²  ·  Median household income: $102,773

Typical home value: $328,338  ·  Homeownership: 94.8%

Market Overview

Active Listings
46
⇩ 13.2% vs 53 last year
Pending
22
48% pending ratio
Median Price
$385,725
⇧ 7.3% vs $359,400 last year
Average Price
$408,065
⇩ 1.1% vs $412,512 last year
Days on Market
31
⇧ 10.7% vs 28 days last year

Price Per Square Foot

Median $/sqft
$201
⇧ 2.6% vs $196/sqft last year
Median Home Size
1,937 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 46 this year vs 53 last year
  • Days on market: 31 now vs 28 last year

Median & Average Pricing

Year over Year
  • Median: $385,725 (+7.3% YoY)
  • Average: $408,065 (-1.1% 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 6.7 miles — 796 listings ($251,749,372 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60463Palos Heights, IL 604630.0 mi39$13,458,744$328,200$345,096
60418Crestwood, IL 604182.8 mi27$7,165,665$261,475$265,395
60415Chicago Ridge, IL 604153.0 mi39$9,746,763$209,000$249,917
60462Orland Park, IL 604623.4 mi106$41,138,388$353,675$388,098
60452Oak Forest, IL 604524.1 mi62$18,175,734$307,450$293,157
60453Oak Lawn, IL 604534.2 mi162$49,225,806$280,750$303,863
60457Hickory Hills, IL 604574.9 mi29$12,038,161$387,450$415,109
60455Bridgeview, IL 604555.6 mi42$16,597,056$357,400$395,168
60456Hometown, IL 604565.7 mi9$2,149,002$233,650$238,778
60459Burbank, IL 604595.9 mi60$21,514,140$339,450$358,569
60477Tinley Park, IL 604776.0 mi118$38,314,246$305,000$324,697
60458Justice, IL 604586.5 mi20$7,509,020$375,000$375,451
60428Markham, IL 604286.7 mi83$14,716,647$166,995$177,309

Frequently Asked Questions

How many homes are for sale in PALOS HEIGHTS, IL 60463?

As of April 2026, there are 46 active listings in PALOS HEIGHTS, IL (zip code 60463), compared to 53 the prior year.

What is the median home price in PALOS HEIGHTS, IL 60463?

The median listing price in PALOS HEIGHTS, IL 60463 is $385,725 as of April 2026, a 7.3% increase from $359,400 the prior year.

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

Homes in PALOS HEIGHTS, IL 60463 spend an average of 31 days on the market before going under contract, compared to 28 days the prior year.

Is it a seller's or buyer's market in PALOS HEIGHTS, IL 60463?

Based on current inventory and days-on-market data as of April 2026, PALOS HEIGHTS, IL 60463 is currently a Balanced Market. Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 31 days on market compared to 28 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PALOS HEIGHTS, IL 60463 save an estimated $7,715 compared to a typical 5% commission on the median listing price of $385,725. 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.