Palatine Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $245,950
    4% ( $8,950 ) vs Feb 2013
  • Median Sales Price
    $222,000
    0% ( $1,000 ) vs Feb 2013
  • Median Foreclosure Sales Price
    $87,500
    7% ( $7,000 ) vs Feb 2013
  • Foreclosures 650
    Homes for Sale 197
    Recently Sold 1,080

Market Summary

There are currently 650 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 197.

In March, the number of properties that received a foreclosure filing in Palatine, IL was 21% higher than the previous month and 40% lower than the same time last year.

Home sales for February 2014 were down 40% compared with the previous month, and down 4% compared with a year ago. The median sales price of a non-distressed home was $222,000. The median sales price of a foreclosure home was $87,500, or 61% lower than non-distressed home sales.

Sales Prices - Palatine, IL




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$87,500 (Median Foreclosure Sales Price) $94,500 (Median Foreclosure Sales Price) $115,000 (Median Foreclosure Sales Price) $92,500 (Median Foreclosure Sales Price) $81,750 (Median Foreclosure Sales Price) $79,000 (Median Foreclosure Sales Price) $222,000 (Median Sales Price) $221,000 (Median Sales Price) $227,000 (Median Sales Price) $230,000 (Median Sales Price) $240,000 (Median Sales Price) $250,500 (Median Sales Price) $87,500 (Median Foreclosure Sales Price) $94,500 (Median Foreclosure Sales Price) $115,000 (Median Foreclosure Sales Price) $92,500 (Median Foreclosure Sales Price) $81,750 (Median Foreclosure Sales Price) $79,000 (Median Foreclosure Sales Price) $222,000 (Median Sales Price) $221,000 (Median Sales Price) $227,000 (Median Sales Price) $230,000 (Median Sales Price) $240,000 (Median Sales Price) $250,500 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Des Plaines
105
8.7
% (y-o-y)
$140,000
13.8
% (y-o-y)
16.8%
39.8
% (y-o-y)
Arlington Heights
88
15.8
% (y-o-y)
$262,000
33.0
% (y-o-y)
35.1%
13.7
% (y-o-y)
Schaumburg
79
27.5
% (y-o-y)
$170,000
4.9
% (y-o-y)
1.9%
31.8
% (y-o-y)
Barrington
62
21.6
% (y-o-y)
$357,000
15.5
% (y-o-y)
13.0%
8.6
% (y-o-y)
Mount Prospect
51
18.6
% (y-o-y)
$250,000
19.0
% (y-o-y)
31.4%
59.5
% (y-o-y)
Northbrook
50
6.4
% (y-o-y)
$382,000
17.5
% (y-o-y)
16.7%
29.4
% (y-o-y)
Streamwood
46
13.2
% (y-o-y)
$134,000
10.6
% (y-o-y)
19.4%
31.5
% (y-o-y)
Buffalo Grove
37
19.4
% (y-o-y)
$237,500
23.7
% (y-o-y)
32.3%
32.3
% (y-o-y)
Elk Grove Village
35
0.0
% (y-o-y)
$190,000
16.9
% (y-o-y)
21.8%
40.9
% (y-o-y)
Wheeling
30
9.1
% (y-o-y)
$134,500
31.5
% (y-o-y)
3.3%
16.9
% (y-o-y)

Local Info For Palatine

Population:
67,414
Cost of Living Index: 117.94
Crime Index: 27.16     Rating: A View crime details
Schools: 14    Average School Rating: B View individual school rating
Household Median Income: $74,060
Unemployment: 6.00%
Percentage of vacant homes: 6.63%