Palatine, IL Home Values & Market Trends
Real estate market trends reflect that there have been 1,065 transactions over the past year in Palatine. The median value for residential home transactions that occurred over the previous year is $327,444.54. The number of current listings in Palatine is 24, and the percentage of properties for sale in the city is 24.00%. Palatine, IL currently has 52 properties in foreclosure, 0 bank owned properties, 17 properties headed for auction, and 24 properties for sale.
Palatine, IL Real Estate Market Overview
Housing Market Summary for Palatine, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $250K | $305.3K | 22.10% |
| Median Sold Price | $318.8K | $305.3K | -4.26% |
| Homes For Sale | 25 | 21 | -16.00% |
| Homes Sold | 705 | 639 | -9.36% |
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 Palatine, IL
Browse Homes in Palatine, IL
Palatine home values range from $44,889 to $1,731,099. The median estimated value of a home in Palatine is $327,444.54. The median list price of a home is 284,950, and the total count of properties in the city is 25,118.
- Pre-ForeclosurePre-foreclosure homes account for 0.14% of all residential properties in Palatine, IL with 60074 containing 21 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Palatine, IL; of those zips, the estimated home value for pre-foreclosure homes ranges from $469,000 in 60074 to the lowest home value of $134,402 in 60067.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Palatine, 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 Palatine, IL. There are 2 zips within Palatine, IL; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60067 has 10 auction properties, the highest number of properties going to auction in a single zip in the state of Palatine, IL. Auction homes and other auction properties account for 0.07% of all properties in Palatine, IL. There are 2 zips within Palatine, IL; of those zips, the median estimated home value for homes going to auction ranges from $685,000 in 60074 to the lowest value of $98,446 in 60074.
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