Palatine Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $339,000
    4% ( $14,000 ) vs Jun 2014
  • Median Sales Price
    $245,000
    2% ( $5,000 ) vs Jun 2014
  • Median Foreclosure Sales Price
    $129,800
    8% ( $9,200 ) vs Jun 2014
  • Foreclosures 400
    Homes for Sale 346
    Recently Sold 200

Market Summary

There are currently 400 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 346.

In July, the number of properties that received a foreclosure filing in Palatine, IL was 11% higher than the previous month and 12% lower than the same time last year.

Home sales for June 2015 were down 54% compared with the previous month, and down 53% compared with a year ago. The median sales price of a non-distressed home was $245,000. The median sales price of a foreclosure home was $129,800, or 47% lower than non-distressed home sales.

Sales Prices - Palatine, IL




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$129,800 (Median Foreclosure 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) $245,000 (Median 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) $129,800 (Median Foreclosure 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) $245,000 (Median 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)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Schaumburg
74
30.8
% (y-o-y)
$183,000
13.6
% (y-o-y)
22.4%
29.2
% (y-o-y)
Des Plaines
64
37.9
% (y-o-y)
$180,000
9.1
% (y-o-y)
31.0%
29.1
% (y-o-y)
Arlington Heights
60
40.0
% (y-o-y)
$330,750
10.3
% (y-o-y)
41.4%
53.3
% (y-o-y)
Streamwood
43
17.3
% (y-o-y)
$160,000
7.0
% (y-o-y)
24.8%
9.7
% (y-o-y)
Mount Prospect
39
22.0
% (y-o-y)
$260,000
4.4
% (y-o-y)
14.8%
27.7
% (y-o-y)
Northbrook
36
40.0
% (y-o-y)
$435,000
13.0
% (y-o-y)
35.9%
32.5
% (y-o-y)
Buffalo Grove
34
50.0
% (y-o-y)
$213,500
16.1
% (y-o-y)
10.3%
28.2
% (y-o-y)
Barrington
31
55.1
% (y-o-y)
$415,300
10.7
% (y-o-y)
18.1%
24.7
% (y-o-y)
Wheeling
31
0.0
% (y-o-y)
$155,000
6.9
% (y-o-y)
34.2%
14.8
% (y-o-y)
Prospect Heights
26
36.8
% (y-o-y)
$212,500
11.1
% (y-o-y)
10.8%
60.8
% (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: 4.90%
Percentage of vacant homes: 6.63%