From July to September, 48 homes sold in Palos Park for a median price of $345,000. That's 3.4 percent lower than median home sale prices for the third quarter of 2017.
In the third quarter, 1 home in Palos Park was in foreclosure.
Median property tax for homeowners in Palos Park was $6,750.15 in 2017 according to tax data from that year. That means homeowners pay 1.9 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.
Palos Park real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
19
$345,150
-
2010
15
$430,920
24.9%
2011
10
$211,875
-50.8%
2012
25
$283,400
33.8%
2013
32
$335,880
18.5%
2014
44
$324,360
-3.4%
2015
40
$336,550
3.8%
2016
46
$314,213
-6.6%
2017
47
$357,000
13.6%
2018
48
$345,000
-3.4%
Median property tax
Median sale price
Effective property tax rate
2009
$6,500.11
$345,150
1.9%
2010
$7,911.55
$430,920
1.8%
2011
$6,125.55
$211,875
2.9%
2012
$7,071.82
$283,400
2.5%
2013
$7,961.95
$335,880
2.4%
2014
$7,928.36
$324,360
2.4%
2015
$5,829.65
$336,550
1.7%
2016
$6,314.44
$314,213
2%
2017
$6,750.14
$357,000
1.9%
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