Why Live in Palos Park
Palos Park, IL, is a small community surrounded by protected forests, offering a serene environment just 25 miles from Chicago. Established in the late 19th century, it has evolved from a summer retreat for the wealthy into a year-round residential area with a population of around 5,000. The area is known for its spacious homes, including 1920s cottages, mid-century modern properties, and early-2000s estates, many with historical significance. Most homes sit on over an acre of land, maintaining the heavily forested landscape. Palos Park boasts a top-rated school district, with Palos East Elementary, Palos South Middle, and Amos Alonzo Stagg High School all receiving high marks.
For things to do, residents can explore the Palos Preserves, which feature lakes, unpaved trails, and stargazing opportunities, thanks to its designation as the world’s largest Urban Night Sky Place. The preserves also offer horseback riding, mountain biking, and stair workouts at Swallow Cliff. Nearby, Lake Katherine Nature Center and Botanic Gardens provide a scenic spot for picnics and fishing. Dining options include the historic Plush Horse Palos Park for homemade ice cream, Wu’s House for Asian cuisine, and Francesca’s Vicinato for Italian dishes. Shopping and errands are conveniently handled in nearby Orland Park, home to Orland Square Mall and various grocery stores.
Palos Park also has a vibrant cultural scene with live theater from the Palos Park Players, outdoor festivals like the Autumn in the Park, and art displays at the McCord House Gallery and Cultural Center. Medical care is accessible at Northwestern Medicine Palos Hospital, and transportation options include CTA buses and Metra trains to Chicago.
Home Trends in Palos Park, IL
On average, homes in Palos Park, IL sell after 38 days on the market compared to the national average of 51 days. The median sale price for homes in Palos Park, IL over the last 12 months is $540,000, up 23% from the median home sale price over the previous 12 months.
Median Sale Price
$540,000
Median Single Family Sale Price
$599,450
Median Townhouse Sale Price
$447,082
Median 2 Bedroom Sale Price
$259,000
Median 1 Bedroom Sale Price
$139,250
Average Price Per Sq Ft
$211
Number of Homes for Sale
38
Last 12 months Home Sales
128
Median List Price
$550,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
23%