Palmwood, IL Housing Market
The Palmwood housing market is very competitive. The median sale price of a home in Palmwood was $164K last month, down 3.7% since last year. The median sale price per square foot in Palmwood is $60, down 30.2% since last year.
Palmwood Housing Market Trends
In August 2023, Palmwood home prices were down 3.7% compared to last year, selling for a median price of $164K. On average, homes in Palmwood sell after 6 days on the market compared to 35 days last year. There were 6 homes sold in August this year, up from 3 last year.

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How hot is the Palmwood housing market?
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 6 days.
- Hot homescan sell for about 4% above list price and go pending in around 3 days.
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 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% above list price and go pending in around 5 days.
- Hot homescan sell for about 6% above list price and go pending in around 2 days.
Home offer insights for Palmwood
Recent offers
View houses in Palmwood that sold recently
Recently sold homes
- $210,000 Last Sold Price4 beds2 baths2,543 sq. ft.517 N Vale Ave, Rockford, IL 61107List Price$205,000Sale to List2% over listDays on Market37 days517 N Vale Ave, Rockford, IL 61107
- $183,000 Last Sold Price3 beds1.5 baths1,295 sq. ft.718 Winthrop Ln, Rockford, IL 61107List Price$165,000Sale to List11% over listDays on Market32 days718 Winthrop Ln, Rockford, IL 61107
- $220,000 Last Sold Price3 beds3 baths4,400 sq. ft.905 Woodlane Ave, Rockford, IL 61107List Price$225,000Sale to List2% under listDays on Market21 days905 Woodlane Ave, Rockford, IL 61107
- $62,573 Last Sold Price3 beds1 bath1,476 sq. ft.420 Fairview Blvd, Rockford, IL 61107List Price$98,000Sale to List36% under listDays on Market33 days420 Fairview Blvd, Rockford, IL 61107
- $162,500 Last Sold Price4 beds2 baths2,058 sq. ft.504 Fairview Blvd, Rockford, IL 61107List Price$164,900Sale to List1% under listDays on Market16 days504 Fairview Blvd, Rockford, IL 61107
- $162,500 Last Sold Price4 beds2 baths—sq. ft.504 Fairview Blvd, Rockford, IL 61107List Price$164,900Sale to List1% under listDays on Market14 days504 Fairview Blvd, Rockford, IL 61107
- $210,000 Last Sold Price4 beds3 baths2,842 sq. ft.311 Oak Knolls Ave, Rockford, IL 61107List Price$209,900Sale to List0% over listDays on Market35 days311 Oak Knolls Ave, Rockford, IL 61107
- $250,000 Last Sold Price4 beds2.5 baths2,972 sq. ft.124 Palm Ave, Rockford, IL 61107List Price$247,900Sale to List1% over listDays on Market42 days124 Palm Ave, Rockford, IL 61107
See all recently sold homes in Palmwood.
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Schools in Palmwood
- Elementary
- Middle
- High
GreatSchools Rating
No elementary schools in this region.
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 - Moderate
Flood Factor

Fire Factor - Minimal
Fire Factor

Wind Factor - Minimal
Wind Factor

Heat Factor - Minor
Heat Factor

Transportation in Palmwood
Walk Score®
Bike Score®
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