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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
Buyer's Market
June 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 June 2026. Source: Realtor.com.

The PALOS HEIGHTS, IL real estate market (60463) currently shows 50 active listings, with 19 pending sales. Homes are averaging 37 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 37 days on market compared to 36 days last year.

The median listing price has risen 5.2% year-over-year, from $374,900 to $394,450.

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
50
⇧ 2% vs 49 last year
Pending
19
38% pending ratio
Median Price
$394,450
⇧ 5.2% vs $374,900 last year
Average Price
$462,016
⇧ 14.8% vs $402,293 last year
Days on Market
37
⇧ 2.8% vs 36 days last year

Price Per Square Foot

Median $/sqft
$204
⇧ 4.6% vs $195/sqft last year
Median Home Size
1,948 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 50 this year vs 49 last year
  • Days on market: 37 now vs 36 last year

Median & Average Pricing

Year over Year
  • Median: $394,450 (+5.2% YoY)
  • Average: $462,016 (+14.8% 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 June 2026, there are 50 active listings in PALOS HEIGHTS, IL (zip code 60463), compared to 49 the prior year.

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

The median listing price in PALOS HEIGHTS, IL 60463 is $394,450 as of June 2026, a 5.2% increase from $374,900 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 37 days on the market before going under contract, compared to 36 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 June 2026, PALOS HEIGHTS, IL 60463 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 37 days on market compared to 36 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 $7,889 compared to a typical 5% commission on the median listing price of $394,450. 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.