What is the housing market like in Palmer Square today?
In December 2024, Palmer Square home prices were down 20.9% compared to last year, selling for a median price of $540K. On average, homes in Palmer Square sell after 46 days on the market compared to 53 days last year. There were 7 homes sold in December this year, up from 6 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$540,000
-20.9% YoY | Dec 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Dec 2024
Growth
% YoY
Palmer Square, IL
$540,000
-20.9%
United States
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All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
101.5%
+3.4 pt YoY | Dec 2024
Based on Redfin calculations of home data from MLS and/or public records.
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.
Flood Factor - Minor
48% 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 48% of all properties in Palmer Square. Flood risk is increasing faster than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Palmer Square has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Palmer Square is most at risk from hurricanes. 431 properties in Palmer Square have some risk of being in a severe wind event within the next 30 years.