Palestine, IL Home Values & Market Trends
Real estate market trends reflect that there have been 7 transactions over the past year in Palestine. The median value for residential home transactions that occurred over the previous year is $65,923. The number of current listings in Palestine is 10, and the percentage of properties for sale in the city is 10.00%. Palestine, IL currently has 0 properties in foreclosure, 0 bank owned properties, 0 properties headed for auction, and 10 properties for sale.
Palestine, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 62451 | $ 65,923 $ 73/sqft |
Housing Market Summary for Palestine, IL
| Oct 2025 | October 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $79,900 | $47,400 | -40.68% |
| Median Sold Price | $0 | $92,544 | - |
| Homes For Sale | 6 | 10 | 66.67% |
| Homes Sold | 0 | 3 | - |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Palestine, IL
Browse Homes in Palestine, IL
Palestine home values range from $25,167 to $286,568. The median estimated value of a home in Palestine is $65,923. The median list price of a home is 47,400, and the total count of properties in the city is 13.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Palestine, IL with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Palestine, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Palestine, IL ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Palestine, IL. There is 1 zips within Palestine, IL; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- AuctionsN/A has 0 auction properties, the highest number of properties going to auction in a single zip in the state of Palestine, IL. Auction homes and other auction properties account for 0% of all properties in Palestine, IL. There is 1 zips within Palestine, IL; of that zips, the median estimated home value for homes going to auction ranges from $0 in N/A to the lowest value of $0 in N/A.
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Guide for Palestine, IL
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
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