Paloma, Illinois, is a small, unincorporated community in Honey Creek Township, Adams County, known for its rural charm and historical significance. Nestled along U.S. Route 24, near the town of Coatsburg, Paloma was once dubbed "Pickleville" in the early 1900s due to its thriving pickle farms, with local producers shipping pickles to nearby Quincy via a rail platform. Founded in 1839 by settler Daniel Gooding, the community was named after a small Native American tribe, "Paloma," meaning "dove" in Spanish, by a railroad conductor’s wife. Despite its decline with the rise of automobiles after the construction of U.S. Route 24 in the 1920s, Paloma retains a tight-knit community atmosphere, highlighted by landmarks like the Paloma Diner and the historic grain elevator, which remains a symbol of its agricultural heritage.
Paloma currently has 1 single family home for sale with a list price of $175,000. The average annual property tax for Paloma is $2,263.67.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Paloma, i.e. what's hot and what's not.
See What's Hot & What's Not in PalomaPaloma home sales for the month of July stayed the same in volume when compared to last year, while the median sale price stayed the same.
3
|
|||
2021 | |||
# of sales per year |
$150,000
|
|||
2021 | |||
median sale price per year |