Palatine Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $325,000
    1% ( $2,500 ) vs May 2014
  • Median Sales Price
    $250,000
    20% ( $42,500 ) vs May 2014
  • Median Foreclosure Sales Price
    $120,600
    28% ( $26,600 ) vs May 2014
  • Foreclosures 410
    Homes for Sale 311
    Recently Sold 357

Market Summary

There are currently 410 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 311.

In June, the number of properties that received a foreclosure filing in Palatine, IL was 12% lower than the previous month and 24% lower than the same time last year.

Home sales for May 2015 were up 275% compared with the previous month, and down 33% compared with a year ago. The median sales price of a non-distressed home was $250,000. The median sales price of a foreclosure home was $120,600, or 52% lower than non-distressed home sales.

Sales Prices - Palatine, IL




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$120,600 (Median Foreclosure Sales Price) $94,000 (Median Foreclosure Sales Price) $75,000 (Median Foreclosure Sales Price) $75,000 (Median Foreclosure Sales Price) $98,000 (Median Foreclosure Sales Price) $115,000 (Median Foreclosure Sales Price) $250,000 (Median Sales Price) $207,500 (Median Sales Price) $180,000 (Median Sales Price) $212,000 (Median Sales Price) $220,000 (Median Sales Price) $230,000 (Median Sales Price) $120,600 (Median Foreclosure Sales Price) $94,000 (Median Foreclosure Sales Price) $75,000 (Median Foreclosure Sales Price) $75,000 (Median Foreclosure Sales Price) $98,000 (Median Foreclosure Sales Price) $115,000 (Median Foreclosure Sales Price) $250,000 (Median Sales Price) $207,500 (Median Sales Price) $180,000 (Median Sales Price) $212,000 (Median Sales Price) $220,000 (Median Sales Price) $230,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Des Plaines
80
33.3
% (y-o-y)
$171,000
8.9
% (y-o-y)
22.2%
39.2
% (y-o-y)
Schaumburg
78
36.1
% (y-o-y)
$182,000
13.7
% (y-o-y)
30.2%
35.9
% (y-o-y)
Arlington Heights
77
48.3
% (y-o-y)
$315,500
19.1
% (y-o-y)
32.5%
47.2
% (y-o-y)
Mount Prospect
62
21.5
% (y-o-y)
$247,500
1.0
% (y-o-y)
12.1%
30.6
% (y-o-y)
Northbrook
52
8.8
% (y-o-y)
$435,000
25.7
% (y-o-y)
33.6%
19.1
% (y-o-y)
Buffalo Grove
44
24.1
% (y-o-y)
$227,500
18.8
% (y-o-y)
5.9%
35.5
% (y-o-y)
Barrington
43
24.6
% (y-o-y)
$407,500
12.4
% (y-o-y)
18.2%
25.5
% (y-o-y)
Streamwood
36
41.9
% (y-o-y)
$160,000
10.0
% (y-o-y)
32.8%
15.5
% (y-o-y)
Lake Zurich
35
43.5
% (y-o-y)
$456,250
17.0
% (y-o-y)
29.1%
10.3
% (y-o-y)
Elk Grove Village
28
33.3
% (y-o-y)
$223,000
1.7
% (y-o-y)
43.3%
22.5
% (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: 4.80%
Percentage of vacant homes: 6.63%