With the Second quarter of the year almost done it’s a varied real estate market here in Palos Hills because our price range of homes is wide. While the top end of the price points are still sluggish to move, the bottom end and mid priced homes are moving along nicely. This market report is going to break down by price section to give an idea of what buyers and sellers can expect. We are reporting on residential sales in the 60465 zip code for April and May 11 2018.
General Housing Stats
April saw a total of 31 single family homes and condos & townhomes sold in the months of April – May 11 . If we compare the numbers to last year, 2017 they were 57 and 34 respectively. Sales this year are down by 17% which is quite big reduction. The lowest sale price was $203,000 which was a foreclosed home in Palos Hills, il. and the highest $335,000 .
Condo Real Estate Stats
Of the sales in April, 22 were attached homes. That includes condos and town houses. For March the number was just 17. The lowest sale was $69,500 and the highest $247,000
Market Stats Summary
Today we have 23 homes for sale with no contract in Palos Hills. There are 19 properties under contract and pending and ready to close.
what does this mean if you’re selling a house in Palos Hills?
Ignore the media and pay attention to your real estate agent. Here in Palos Hills we are seeing continuous price changes in all range, so sellers are still over-pricing homes even though their is a lot of buyers looking , over priced homes will still sit. and sellers will be losing out to those that understand the market a little better. Homes ranging from 185,000-250,000 are moving fast. Keeping up with the market is what we do and advising you best on pricing gives you a better chance of selling in under average time.
Make sure your property is ready for sale. Do not rush to get on the market without a review with a Realtor of your house. Make sure it’s ready for professional photos. It might be wise to wait until the landscaping has greened up a little, it’s only a week or so away now. Understand the expectations of time to sell but be ready for a nice surprise. Be ready for the spring buying season too.
Palos Hills Homes for Sale