Palatine Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $329,000
    2% ( $5,900 ) vs May 2015
  • Median Sales Price
    $241,000
    3% ( $6,000 ) vs May 2015
  • Median Foreclosure Sales Price
    $87,750
    1% ( $1,250 ) vs May 2015
  • Foreclosures 356
    Homes for Sale 321
    Recently Sold 397

Market Summary

There are currently 356 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 321.

In June, the number of properties that received a foreclosure filing in Palatine, IL was 5% lower than the previous month and 7% lower than the same time last year.

Home sales for May 2016 were down 70% compared with the previous month, and down 77% compared with a year ago. The median sales price of a non-distressed home was $241,000. The median sales price of a foreclosure home was $87,750, or 64% lower than non-distressed home sales.

Sales Prices - Palatine, IL




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$87,750 (Median Foreclosure Sales Price) $89,000 (Median Foreclosure Sales Price) $109,000 (Median Foreclosure Sales Price) $123,000 (Median Foreclosure Sales Price) $111,500 (Median Foreclosure Sales Price) $79,250 (Median Foreclosure Sales Price) $241,000 (Median Sales Price) $235,000 (Median Sales Price) $230,000 (Median Sales Price) $237,000 (Median Sales Price) $257,750 (Median Sales Price) $231,000 (Median Sales Price) $87,750 (Median Foreclosure Sales Price) $89,000 (Median Foreclosure Sales Price) $109,000 (Median Foreclosure Sales Price) $123,000 (Median Foreclosure Sales Price) $111,500 (Median Foreclosure Sales Price) $79,250 (Median Foreclosure Sales Price) $241,000 (Median Sales Price) $235,000 (Median Sales Price) $230,000 (Median Sales Price) $237,000 (Median Sales Price) $257,750 (Median Sales Price) $231,000 (Median Sales Price)
Interested in more detailed data or historic trends back to 2005?
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Wheeling
46
64.3
% (y-o-y)
$162,500
32.1
% (y-o-y)
13.0%
2.4
% (y-o-y)
Schaumburg
30
65.9
% (y-o-y)
$239,500
31.6
% (y-o-y)
36.5%
30.2
% (y-o-y)
Des Plaines
30
65.9
% (y-o-y)
$195,000
14.0
% (y-o-y)
16.2%
22.2
% (y-o-y)
Streamwood
28
31.7
% (y-o-y)
$171,000
6.9
% (y-o-y)
28.4%
32.8
% (y-o-y)
Arlington Heights
20
77.0
% (y-o-y)
$300,000
4.9
% (y-o-y)
43.7%
32.5
% (y-o-y)
Lake Zurich
17
51.4
% (y-o-y)
$354,500
22.3
% (y-o-y)
18.6%
29.1
% (y-o-y)
Northbrook
17
71.7
% (y-o-y)
$400,000
8.0
% (y-o-y)
Data not available
Vernon Hills
16
30.4
% (y-o-y)
$325,000
8.4
% (y-o-y)
62.5%
0.6
% (y-o-y)
Buffalo Grove
16
67.3
% (y-o-y)
$300,000
31.9
% (y-o-y)
18.3%
5.9
% (y-o-y)
Deerfield
15
21.1
% (y-o-y)
$403,500
8.7
% (y-o-y)
Data not available

Local Info For Palatine

Population:
67,414
Cost of Living Index: 117.94
Crime Index: 46.69     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%

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