In January 2017, there were 21 homes sold, with a median sale price of $165,000. There were 17 homes sold in Palos Hills in January 2016, and the median sales price for the period was also $165,000.
The median sales tax in Palos Hills for 2017 was $3,301. In 2016, the median sales tax was $3,386. This marks an decrease of 2.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2%.
The following table compares Palos Hills to other Cook County cities with similar median sales prices in January 2017:
| City | Jan. 2017 Home Sales | Jan. 2016 Home Sales | % change (Total Home Sales) | Jan. 2017 Median Sales Price | Jan. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hillside | 9 | 10 | -10% | $170,000 | $134,500 | 26.4% |
| Streamwood | 55 | 53 | 3.8% | $170,000 | $150,000 | 13.3% |
| Schiller Park | 12 | 9 | 33.3% | $169,000 | $148,500 | 13.8% |
| Melrose Park | 27 | 23 | 17.4% | $169,000 | $175,000 | -3.4% |
| Stickney | 8 | 7 | 14.3% | $167,500 | $128,500 | 30.4% |
| Palos Hills | 21 | 17 | 23.5% | $165,000 | $165,000 | 0% |
| Evergreen Park | 19 | 24 | -20.8% | $165,000 | $135,000 | 22.2% |
| River Grove | 9 | 10 | -10% | $163,000 | $132,750 | 22.8% |
| Tinley Park | 66 | 54 | 22.2% | $160,500 | $157,500 | 1.9% |
| Oak Lawn | 103 | 69 | 49.3% | $160,000 | $135,000 | 18.5% |
| Elgin | 35 | 28 | 25% | $160,000 | $146,000 | 9.6% |
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