Palatine
find your Palatine home now
Palatine Real Estate
When it comes to the Chicago suburbs, the Palatine real estate market offers some of the best bargains around. The housing options here appeal both to new families looking to buy a home for the first time and to lifelong homeowners looking to upgrade to a bigger house. Palatine, Illinois is conveniently located less than 30 miles northwest of downtown Chicago, making for a comfortable commute. Plus, it's only 15 miles from O'Hare International Airport, making it an ideal location for jet setters, too.
The actual composition of the town is a pretty even mix of residential and commercial property, with plenty of office and industrial space to keep a sufficient number of jobs in Palatine. As one of the older suburbs in the area, Palatine is sprinkled with stately vintage-style homes and classic architecture, but there's also a large selection of new construction homes and other houses built within the past decade.
The average sale price for a detached, single-family home in Palatine is around $340,000 for a three-bedroom house, $504,000 for homes with four bedrooms, and $577,000 for properties with five or more bedrooms. Attached homes in Palatine, such as condos and townhouses, have an average sale price of $132,000 for a one-bedroom place, $203,000 for condos with two bedrooms, and $277,000 for three-bedroom properties.
Palatine market trends
Average sales price
The average sale price of a home in Palatine is represented by the chart to the right. The red line indicates the average price based on the total time frame selected in the drop-down window. The blue line indicates the average sale price for the particular month within that time frame. For more detailed information on Palatine sign up for the trends report below or contact your Dream Town broker.
Average market time
The average number of days a home in Palatine spends listed for sale is represented by the chart to the right. The red line indicates the average number of days based on the total time frame selected in the drop-down window. The blue line indicates the average number of days a home spent on market during the particular month within that time frame. For more detailed information on average market listing times in Palatine sign up for the trends report below or contact your Dream Town broker.
Sales price vs. list price
The average sale price of a home compared to its listing price in Palatine is represented by the chart to the right. The black line indicates the baseline listing price for homes during the time frame selected in the drop-down. The red line indicates the difference between the average listing price and the average sale price during the particular month within that time frame. For more detailed information on Palatine sign up for the trends report below or contact your Dream Town broker.
Number of listings
The total number of listings in Palatine is represented in the chart to the right. The red line represents average number of days based on the total time frame selected in the drop-down window The blue bar represents the current number of listings during the particular month of that time frame. For more detailed information on Palatine sign up for the trends report below or contact your Dream Town broker.
Get the latest trends delivered straight to your inbox
Thinking about making a move? Be prepared with a comprehensive look at the area market, delivered directly to your email every month. And don’t forget to contact your Dream Town broker if you’d like to discuss what this data means for your next move!