From October to December, 25 homes sold in Palos Park for a median price of $320,000. That's 2.9 percent higher than median home sale prices for the fourth quarter of 2017.
In the fourth quarter, there were no foreclosures in Palos Park.
Median property tax for homeowners in Palos Park was $7,126.74 in 2017 according to tax data from that year. That means homeowners pay 2.3 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: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
28
$337,838
-
2010
15
$487,920
44.4%
2011
15
$468,950
-3.9%
2012
24
$283,400
-39.6%
2013
30
$289,440
2.1%
2014
39
$265,000
-8.4%
2015
31
$265,000
0%
2016
36
$302,925
14.3%
2017
29
$311,100
2.7%
2018
25
$320,000
2.9%
Median property tax
Median sale price
Effective property tax rate
2009
$7,054.39
$337,838
2.1%
2010
$8,163.59
$487,920
1.7%
2011
$7,156.58
$468,950
1.5%
2012
$6,961.12
$283,400
2.5%
2013
$6,857.62
$289,440
2.4%
2014
$6,579.76
$265,000
2.5%
2015
$5,548.85
$265,000
2.1%
2016
$6,428.28
$302,925
2.1%
2017
$7,126.74
$311,100
2.3%
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