Comprehensive market data and analysis• Updated Dec 2025
12.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 2 | 9 |
| 1-2 acres | - | - | - | 1 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 2 | 10 |
Acreage buckets
The median price for land in Palos Park, Illinois is currently $312K per acre. For a typical parcel, the median sale price is $199K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $160K while premium lots reached $299K.
Palos Park, Illinois is currently a strong buyer's market with 12.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Palos Park, Illinois currently has 12.0 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
The median land price in Palos Park, Illinois stands at $199K. This translates to roughly $312K per acre for the typical parcel size. The average price is $239K, indicating some higher-priced properties pulling up the average.
Land in Palos Park, Illinois averages $493K per acre. The median price per acre is $312K, which may be more representative of typical transactions. Most parcels sold are around 26,354 sq ft.
Land in Palos Park, Illinois typically sells within 410 days of listing. The median time on market is 283 days. Properties are moving slowly in the current strong buyer's market.
The current absorption rate in Palos Park, Illinois is 8.3% (3-month basis), indicating moderate demand. The top-performing broker in this market is Coldwell Banker Realty.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.