Palatine Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $309,999
    6% ( $17,999 ) vs Mar 2015
  • Median Sales Price
    $234,000
    1% ( $3,000 ) vs Mar 2015
  • Median Foreclosure Sales Price
    $109,000
    11% ( $14,000 ) vs Mar 2015
  • Foreclosures 363
    Homes for Sale 311
    Recently Sold 610

Market Summary

There are currently 363 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 April, the number of properties that received a foreclosure filing in Palatine, IL was 20% lower than the previous month and 3% higher than the same time last year.

Home sales for March 2016 were up 24% compared with the previous month, and up 467% compared with a year ago. The median sales price of a non-distressed home was $234,000. The median sales price of a foreclosure home was $109,000, or 53% lower than non-distressed home sales.

Sales Prices - Palatine, IL




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$109,000 (Median Foreclosure Sales Price) $123,000 (Median Foreclosure Sales Price) $111,500 (Median Foreclosure Sales Price) $79,250 (Median Foreclosure Sales Price) $90,750 (Median Foreclosure Sales Price) $99,750 (Median Foreclosure Sales Price) $234,000 (Median Sales Price) $237,000 (Median Sales Price) $257,750 (Median Sales Price) $231,000 (Median Sales Price) $230,500 (Median Sales Price) $0 (Median 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) $90,750 (Median Foreclosure Sales Price) $99,750 (Median Foreclosure Sales Price) $234,000 (Median Sales Price) $237,000 (Median Sales Price) $257,750 (Median Sales Price) $231,000 (Median Sales Price) $230,500 (Median Sales Price) $0 (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
Schaumburg
105
105.9
% (y-o-y)
$212,000
13.1
% (y-o-y)
38.4%
36.0
% (y-o-y)
Des Plaines
73
143.3
% (y-o-y)
$182,500
14.1
% (y-o-y)
48.2%
18.8
% (y-o-y)
Arlington Heights
72
111.8
% (y-o-y)
$279,500
1.6
% (y-o-y)
36.3%
26.2
% (y-o-y)
Barrington
61
134.6
% (y-o-y)
$404,000
2.7
% (y-o-y)
Data not available
Streamwood
58
52.6
% (y-o-y)
$165,000
13.4
% (y-o-y)
21.2%
19.2
% (y-o-y)
Mount Prospect
57
171.4
% (y-o-y)
$270,000
13.7
% (y-o-y)
48.0%
26.7
% (y-o-y)
Buffalo Grove
51
104.0
% (y-o-y)
$278,000
14.2
% (y-o-y)
40.2%
37.4
% (y-o-y)
Lake Zurich
49
188.2
% (y-o-y)
$365,000
5.6
% (y-o-y)
29.0%
36.2
% (y-o-y)
Northbrook
46
155.6
% (y-o-y)
$408,000
4.0
% (y-o-y)
29.0%
0.7
% (y-o-y)
Vernon Hills
39
254.5
% (y-o-y)
$325,000
33.7
% (y-o-y)
63.2%
32.5
% (y-o-y)

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: 6.00%
Percentage of vacant homes: 6.63%

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