Palatine Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $292,450
    8% ( $22,450 ) vs Mar 2014
  • Median Sales Price
    $180,000
    15% ( $32,000 ) vs Mar 2014
  • Median Foreclosure Sales Price
    $75,000
    0% ( $0 ) vs Mar 2014
  • Foreclosures 436
    Homes for Sale 295
    Recently Sold 518

Market Summary

There are currently 436 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 295.

In April, the number of properties that received a foreclosure filing in Palatine, IL was 54% lower than the previous month and 32% lower than the same time last year.

Home sales for March 2015 were down 78% compared with the previous month, and down 79% compared with a year ago. The median sales price of a non-distressed home was $180,000. The median sales price of a foreclosure home was $75,000, or 58% lower than non-distressed home sales.

Sales Prices - Palatine, IL




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$75,000 (Median Foreclosure Sales Price) $75,000 (Median Foreclosure Sales Price) $98,000 (Median Foreclosure Sales Price) $115,000 (Median Foreclosure Sales Price) $113,000 (Median Foreclosure Sales Price) $100,500 (Median Foreclosure Sales Price) $180,000 (Median Sales Price) $212,000 (Median Sales Price) $220,000 (Median Sales Price) $230,000 (Median Sales Price) $230,500 (Median Sales Price) $246,500 (Median 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) $113,000 (Median Foreclosure Sales Price) $100,500 (Median Foreclosure Sales Price) $180,000 (Median Sales Price) $212,000 (Median Sales Price) $220,000 (Median Sales Price) $230,000 (Median Sales Price) $230,500 (Median Sales Price) $246,500 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Schaumburg
51
42.0
% (y-o-y)
$187,500
10.3
% (y-o-y)
36.0%
13.2
% (y-o-y)
Streamwood
38
2.7
% (y-o-y)
$145,500
16.4
% (y-o-y)
19.2%
19.8
% (y-o-y)
Arlington Heights
34
53.4
% (y-o-y)
$275,000
8.5
% (y-o-y)
26.2%
39.4
% (y-o-y)
Des Plaines
30
70.0
% (y-o-y)
$160,000
18.5
% (y-o-y)
Data not available
Barrington
26
50.9
% (y-o-y)
$415,000
5.1
% (y-o-y)
24.5%
23.5
% (y-o-y)
Buffalo Grove
25
37.5
% (y-o-y)
$243,500
13.9
% (y-o-y)
37.4%
30.2
% (y-o-y)
Mount Prospect
21
61.8
% (y-o-y)
$237,500
3.1
% (y-o-y)
26.7%
44.3
% (y-o-y)
Wheeling
21
50.0
% (y-o-y)
$152,250
41.6
% (y-o-y)
17.9%
20.9
% (y-o-y)
Northbrook
18
66.7
% (y-o-y)
$425,000
21.4
% (y-o-y)
0.7%
17.1
% (y-o-y)
Elk Grove Village
18
28.0
% (y-o-y)
$221,500
22.4
% (y-o-y)
35.2%
28.5
% (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: 5.60%
Percentage of vacant homes: 6.63%