Palatine Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $284,250
    5% ( $15,650 ) vs Nov 2014
  • Median Sales Price
    $230,500
    0% ( $0 ) vs Nov 2014
  • Median Foreclosure Sales Price
    $90,750
    9% ( $9,000 ) vs Nov 2014
  • Foreclosures 375
    Homes for Sale 244
    Recently Sold 861

Market Summary

There are currently 375 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 244.

In December, the number of properties that received a foreclosure filing in Palatine, IL was 23% lower than the previous month and 24% lower than the same time last year.

Home sales for November 2015 were up 0% compared with the previous month, and down 55% compared with a year ago. The median sales price of a non-distressed home was $230,500. The median sales price of a foreclosure home was $90,750, or 61% lower than non-distressed home sales.

Sales Prices - Palatine, IL




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$90,750 (Median Foreclosure Sales Price) $99,750 (Median Foreclosure Sales Price) $118,000 (Median Foreclosure Sales Price) $120,000 (Median Foreclosure Sales Price) $139,000 (Median Foreclosure Sales Price) $129,800 (Median Foreclosure Sales Price) $230,500 (Median Sales Price) $0 (Median Sales Price) $0 (Median Sales Price) $244,500 (Median Sales Price) $244,500 (Median Sales Price) $245,000 (Median Sales Price) $90,750 (Median Foreclosure Sales Price) $99,750 (Median Foreclosure Sales Price) $118,000 (Median Foreclosure Sales Price) $120,000 (Median Foreclosure Sales Price) $139,000 (Median Foreclosure Sales Price) $129,800 (Median Foreclosure Sales Price) $230,500 (Median Sales Price) $0 (Median Sales Price) $0 (Median Sales Price) $244,500 (Median Sales Price) $244,500 (Median Sales Price) $245,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Des Plaines
71
33.0
% (y-o-y)
$180,000
0.6
% (y-o-y)
35.6%
41.6
% (y-o-y)
Schaumburg
70
23.9
% (y-o-y)
$220,000
10.0
% (y-o-y)
20.9%
24.5
% (y-o-y)
Streamwood
48
27.3
% (y-o-y)
$177,250
18.2
% (y-o-y)
37.5%
35.3
% (y-o-y)
Mount Prospect
47
29.9
% (y-o-y)
$283,500
5.8
% (y-o-y)
33.9%
34.7
% (y-o-y)
Arlington Heights
45
33.8
% (y-o-y)
$275,000
5.2
% (y-o-y)
39.6%
31.0
% (y-o-y)
Northbrook
36
29.4
% (y-o-y)
$403,750
11.1
% (y-o-y)
44.3%
25.9
% (y-o-y)
Barrington
35
42.6
% (y-o-y)
$547,500
17.7
% (y-o-y)
33.0%
9.0
% (y-o-y)
Lake Zurich
35
27.1
% (y-o-y)
$436,500
11.9
% (y-o-y)
29.0%
6.7
% (y-o-y)
Buffalo Grove
27
55.0
% (y-o-y)
$282,000
8.5
% (y-o-y)
16.7%
39.3
% (y-o-y)
Wheeling
27
28.9
% (y-o-y)
$158,500
7.5
% (y-o-y)
25.6%
23.7
% (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: 3.90%
Percentage of vacant homes: 6.63%

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