The median sale price of a home in Palmer Square was $496K last month, down 9.0% since last year. The median sale price per square foot in Palmer Square is $380, up 31.0% since last year.
What is the housing market like in Palmer Square today?
In March 2024, Palmer Square home prices were down 9.0% compared to last year, selling for a median price of $496K. On average, homes in Palmer Square sell after 45 days on the market compared to 74 days last year. There were 4 homes sold in March this year, down from 12 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$496,000
-9.0% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Palmer Square, IL
$496,000
-9.0%
United States
To compare other locations to the Palmer Square and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Chicago add value to a home.
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How hot is the Palmer Square housing market?
Learn what it takes to have a winning offer
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
101.5%
+4.6 pt YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Palmer Square, IL
101.5%
+4.6 pt
United States
Home offer insights for Palmer Square
Explore recent offers and recently sold homes in Palmer Square
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Palmer Square housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Palmer Square.
Risk Factor
Flood Factor - Minor
49% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Palmer Square has a minor risk of flooding. 4 properties in Palmer Square are likely to be
severely affected
by flooding over the next 30 years. This represents 49% of all properties in Palmer Square. Flood risk is increasing faster than the national average.
Palmer Square has minimal risk of severe winds over the next 30 years
Wind Factor
Palmer Square has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.