What is the housing market like in Palmwood today?
In December 2024, Palmwood home prices were up 31.6% compared to last year, selling for a median price of $222K. On average, homes in Palmwood sell after 6 days on the market compared to 9 days last year. There were 6 homes sold in December this year, up from 4 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$221,750
+31.6% YoY | Dec 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Dec 2024
Growth
% YoY
Palmwood, IL
$221,750
+31.6%
United States
To compare other locations to the Palmwood and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Rockford add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Palmwood housing market?
Palmwood is very competitive. Homes sell in 5 days.
0
100
86
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 5 days.
Hot homes
can sell for about 3% above list price and go pending in around 3 days.
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 Palmwood housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Palmwood.
Flood Factor - Minor
12% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Palmwood has a minor risk of flooding. 41 properties in Palmwood are likely to be
severely affected
by flooding over the next 30 years. This represents 12% of all properties in Palmwood. Flood risk is increasing slower than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Palmwood has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Palmwood is most at risk from hurricanes. 557 properties in Palmwood have some risk of being in a severe wind event within the next 30 years.