Palatine Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $327,500
    11% ( $31,300 ) vs Apr 2014
  • Median Sales Price
    $207,500
    15% ( $27,500 ) vs Apr 2014
  • Median Foreclosure Sales Price
    $94,000
    25% ( $19,000 ) vs Apr 2014
  • Foreclosures 429
    Homes for Sale 318
    Recently Sold 410

Market Summary

There are currently 429 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 318.

In May, the number of properties that received a foreclosure filing in Palatine, IL was 42% higher than the previous month and 27% lower than the same time last year.

Home sales for April 2015 were up 33% compared with the previous month, and down 83% compared with a year ago. The median sales price of a non-distressed home was $207,500. The median sales price of a foreclosure home was $94,000, or 55% lower than non-distressed home sales.

Sales Prices - Palatine, IL




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$94,000 (Median Foreclosure 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) $207,500 (Median 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) $94,000 (Median Foreclosure 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) $207,500 (Median 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)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Schaumburg
62
56.9
% (y-o-y)
$190,500
4.8
% (y-o-y)
37.0%
32.0
% (y-o-y)
Des Plaines
56
61.6
% (y-o-y)
$156,500
15.9
% (y-o-y)
2.6%
29.3
% (y-o-y)
Streamwood
39
45.8
% (y-o-y)
$146,000
4.8
% (y-o-y)
21.2%
21.7
% (y-o-y)
Arlington Heights
38
71.4
% (y-o-y)
$275,000
4.0
% (y-o-y)
17.6%
47.1
% (y-o-y)
Mount Prospect
31
57.5
% (y-o-y)
$225,000
7.8
% (y-o-y)
3.3%
30.3
% (y-o-y)
Wheeling
23
57.4
% (y-o-y)
$146,250
13.4
% (y-o-y)
10.6%
5.6
% (y-o-y)
Northbrook
22
66.2
% (y-o-y)
$430,000
24.6
% (y-o-y)
32.2%
14.8
% (y-o-y)
Buffalo Grove
20
68.8
% (y-o-y)
$244,000
13.5
% (y-o-y)
58.4%
40.4
% (y-o-y)
Elk Grove Village
19
55.8
% (y-o-y)
$225,000
21.6
% (y-o-y)
36.2%
6.5
% (y-o-y)
Rolling Meadows
19
50.0
% (y-o-y)
$179,000
19.3
% (y-o-y)
Data not available

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: 5.00%
Percentage of vacant homes: 6.63%