House Prices

Palmer Square Chicago, IL House Prices & Home Values 2026


Average Data

average house price$571,783
average size per house1448 ft²
average price per ft²428 $ / ft²

04/15/2026 - The value range (VR) for house prices in Palmer Square Chicago, IL is $406.6/ sqft to $449.4/ sqft. An average home with 1448 sqft costs approximately $637,035 to $704,092. Chicago, IL includes 1 ZIP codes and it is located in Cook county. The lowest prices are found in ZIP 60647, while the highest are in ZIP 60647. The average price per sqare feet is $428. Our analysis is based on 4 property listings.

Avergage prices by ZIP codes Palmer Square Chicago

60647307 $ / ft²




Historical development of home values in Palmer Square Chicago

Year Estimated value (USD) Change vs. 2025
2010 $265,546 -53.6%
2011 $255,278 -55.4%
2012 $254,590 -55.5%
2013 $264,106 -53.8%
2014 $277,239 -51.5%
2015 $291,468 -49.0%
2016 $306,678 -46.4%
2017 $323,231 -43.5%
2018 $341,101 -40.3%
2019 $356,917 -37.6%
2020 $375,368 -34.4%
2021 $426,941 -25.3%
2022 $497,717 -13.0%
2023 $524,866 -8.2%
2024 $555,230 -2.9%
2025 $571,783 0.0%

Graph: estimated home values in Palmer Square Chicago over time (USD)



Example: 100% financing house in Palmer Square Chicago

Loan amount: $571,783

Interest rate: 6.49%

Fixed monthly payment: $3,611.05

Breakdown in the 1st month:
Interest portion: $3,093.35  –  Principal portion: $517.70

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $36,931.93 $6,400.67 $565,382.33
2 $36,503.81 $6,828.79 $558,553.54
3 $36,047.05 $7,285.55 $551,267.99
4 $35,559.74 $7,772.86 $543,495.13
5 $35,039.84 $8,292.76 $535,202.37
6 $34,485.16 $8,847.44 $526,354.93
7 $33,893.38 $9,439.22 $516,915.72
8 $33,262.02 $10,070.58 $506,845.14
9 $32,588.43 $10,744.17 $496,100.98
10 $31,869.79 $11,462.81 $484,638.17
11 $31,103.07 $12,229.52 $472,408.64
12 $30,285.08 $13,047.52 $459,361.12
13 $29,412.37 $13,920.23 $445,440.90
14 $28,481.29 $14,851.31 $430,589.59
15 $27,487.93 $15,844.67 $414,744.92
16 $26,428.13 $16,904.47 $397,840.45
17 $25,297.44 $18,035.16 $379,805.29
18 $24,091.12 $19,241.48 $360,563.81
19 $22,804.12 $20,528.48 $340,035.33
20 $21,431.03 $21,901.57 $318,133.77
21 $19,966.10 $23,366.50 $294,767.27
22 $18,403.19 $24,929.41 $269,837.86
23 $16,735.74 $26,596.86 $243,241.00
24 $14,956.75 $28,375.85 $214,865.15
25 $13,058.78 $30,273.82 $184,591.34
26 $11,033.85 $32,298.74 $152,292.59
27 $8,873.49 $34,459.11 $117,833.48
28 $6,568.62 $36,763.97 $81,069.51
29 $4,109.59 $39,223.00 $41,846.51
30 $1,486.09 $41,846.51 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Palmer Square Chicago, IL


1500 sqft3900 sqft
Ø selling price$840,520$1,788,014
Ø fast selling$764,109$1,609,213
Ø high price sale$916,931$1,966,816

In 2026, houses in Palmer Square Chicago, IL will be offered at an average price of $428 per square foot. A 1,500 sqft home priced at $840,520 is 24.89% more expensive per square foot than a 3,900 sqft home priced at $1,788,014. Home prices in Palmer Square Chicago, IL vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $1,237,856. Sellers who can wait longer may achieve a higher price of up to $1,512,935.


Discover Palmer Square in Chicago, IL

Overview

Palmer Square is a charming micro-neighborhood within Logan Square in Chicago, IL, centered around a leafy historic boulevard park.
Known for its blend of vintage character and modern energy, Palmer Square Chicago attracts residents and visitors seeking a walkable, community-focused vibe.

Architecture & Green Space

Classic greystones, brick two-flats, and meticulously restored mansions frame the oval park, creating photogenic streetscapes in every season.
The lush median and playgrounds offer a rare urban retreat for jogging, dog-walking, and weekend picnics under mature trees.

Dining & Nightlife

A thriving culinary scene lines nearby Milwaukee Avenue, with independent cafes, cocktail bars, and chef-driven restaurants just steps from the square.
Local boutiques, record shops, and street art add creative flair, complementing the neighborhood?s laid-back yet sophisticated nightlife.

Location & Transit

Commuters appreciate proximity to the CTA Blue Line at California and Logan Square stations, plus easy bike access via the 606/Bloomingdale Trail and protected lanes.
Multiple bus routes and quick connections to I-90/94 make getting to the Loop, O?Hare, and surrounding neighborhoods straightforward.

Living in Palmer Square

Real estate in Palmer Square ranges from vintage condos and coach houses to modern new-builds, with strong demand driven by location, amenities, and green space.
Whether you?re planning a weekend visit or a long-term move, this tree-lined enclave delivers an authentic Chicago experience with convenience, culture, and charm.



FAQ – Home Values in Palmer Square Chicago

What is the median home value in Palmer Square Chicago in 2026?

In 2026, the typical home value in Palmer Square Chicago is about $571,783 for an average home size of 1448 square feet. This corresponds to an average price of roughly $428 per square foot.

What is the average cost per square foot in Palmer Square Chicago?

In 2026, homes in Palmer Square Chicago sell for an average of around $428 per square foot, with a typical range between $406.6 and $449.4 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Palmer Square?

The average home size in Palmer Square Chicago is about 1448 square feet, with an estimated 2026 value around $571,783.



Neighborhoods close to Palmer Square Chicago, IL

Edgewater Chicago, IL202 $ / ft²
St. Clair Gardens East Saint Louis, IL43 $ / ft²
Chicago Lawn Chicago, IL187 $ / ft²
Tanner Trails North Aurora, IL183 $ / ft²
Downtown Oak Lawn Oak Lawn, IL130 $ / ft²
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