Palatine Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $278,500
    1% ( $1,400 ) vs Oct 2013
  • Median Sales Price
    $248,000
    1% ( $2,000 ) vs Oct 2013
  • Median Foreclosure Sales Price
    $100,500
    12% ( $10,500 ) vs Oct 2013
  • Foreclosures 506
    Homes for Sale 180
    Recently Sold 931

Market Summary

There are currently 506 properties in Palatine, IL that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 180.

In November, the number of properties that received a foreclosure filing in Palatine, IL was 12% lower than the previous month and 48% lower than the same time last year.

Home sales for October 2014 were up 13% compared with the previous month, and up 52% compared with a year ago. The median sales price of a non-distressed home was $248,000. The median sales price of a foreclosure home was $100,500, or 59% lower than non-distressed home sales.

Sales Prices - Palatine, IL




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$100,500 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $104,500 (Median Foreclosure Sales Price) $108,750 (Median Foreclosure Sales Price) $146,000 (Median Foreclosure Sales Price) $122,750 (Median Foreclosure Sales Price) $248,000 (Median Sales Price) $250,000 (Median Sales Price) $253,500 (Median Sales Price) $250,000 (Median Sales Price) $230,000 (Median Sales Price) $220,000 (Median Sales Price) $100,500 (Median Foreclosure Sales Price) $90,000 (Median Foreclosure Sales Price) $104,500 (Median Foreclosure Sales Price) $108,750 (Median Foreclosure Sales Price) $146,000 (Median Foreclosure Sales Price) $122,750 (Median Foreclosure Sales Price) $248,000 (Median Sales Price) $250,000 (Median Sales Price) $253,500 (Median Sales Price) $250,000 (Median Sales Price) $230,000 (Median Sales Price) $220,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Schaumburg
183
30.7
% (y-o-y)
$196,500
8.6
% (y-o-y)
19.1%
42.3
% (y-o-y)
Des Plaines
153
9.3
% (y-o-y)
$190,000
15.2
% (y-o-y)
37.1%
38.8
% (y-o-y)
Arlington Heights
142
0.7
% (y-o-y)
$297,500
3.6
% (y-o-y)
39.2%
46.0
% (y-o-y)
Barrington
95
43.9
% (y-o-y)
$445,000
6.3
% (y-o-y)
Data not available
Mount Prospect
91
31.9
% (y-o-y)
$268,500
10.5
% (y-o-y)
15.3%
56.8
% (y-o-y)
Buffalo Grove
85
23.2
% (y-o-y)
$267,000
4.2
% (y-o-y)
38.2%
44.4
% (y-o-y)
Northbrook
82
15.5
% (y-o-y)
$440,000
3.3
% (y-o-y)
15.9%
39.6
% (y-o-y)
Streamwood
78
9.9
% (y-o-y)
$152,000
6.2
% (y-o-y)
34.2%
32.1
% (y-o-y)
Lake Zurich
62
1.6
% (y-o-y)
$390,000
4.6
% (y-o-y)
9.4%
28.4
% (y-o-y)
Wheeling
57
23.0
% (y-o-y)
$151,000
0.7
% (y-o-y)
18.9%
16.7
% (y-o-y)

Local Info For Palatine

Population:
67,414
Cost of Living Index: 117.94
Crime Index: 20.17     Rating: A View crime details
Schools: 14    Average School Rating: B View individual school rating
Household Median Income: $74,060
Unemployment: 4.40%
Percentage of vacant homes: 6.63%