Palatine Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $292,000
    11% ( $28,000 ) vs Feb 2015
  • Median Sales Price
    $237,000
    8% ( $20,750 ) vs Feb 2015
  • Median Foreclosure Sales Price
    $123,000
    10% ( $11,500 ) vs Feb 2015
  • Foreclosures 375
    Homes for Sale 284
    Recently Sold 735

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 284.

In March, the number of properties that received a foreclosure filing in Palatine, IL was 10% higher than the previous month and 42% lower than the same time last year.

Home sales for February 2016 were up 38% compared with the previous month, and up 2% compared with a year ago. The median sales price of a non-distressed home was $237,000. The median sales price of a foreclosure home was $123,000, or 48% lower than non-distressed home sales.

Sales Prices - Palatine, IL




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$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) $118,000 (Median Foreclosure 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) $0 (Median 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) $118,000 (Median Foreclosure 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) $0 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Des Plaines
102
54.5
% (y-o-y)
$162,500
9.7
% (y-o-y)
44.0%
4.2
% (y-o-y)
Schaumburg
94
36.2
% (y-o-y)
$205,000
4.7
% (y-o-y)
35.5%
38.3
% (y-o-y)
Arlington Heights
71
18.3
% (y-o-y)
$267,500
3.4
% (y-o-y)
30.5%
33.5
% (y-o-y)
Streamwood
62
51.2
% (y-o-y)
$161,500
6.3
% (y-o-y)
27.2%
23.7
% (y-o-y)
Mount Prospect
51
50.0
% (y-o-y)
$275,000
9.6
% (y-o-y)
38.2%
35.3
% (y-o-y)
Buffalo Grove
50
72.4
% (y-o-y)
$285,000
23.9
% (y-o-y)
45.5%
24.8
% (y-o-y)
Lake Zurich
40
73.9
% (y-o-y)
$405,000
12.0
% (y-o-y)
33.5%
33.8
% (y-o-y)
Northbrook
40
0.0
% (y-o-y)
$477,500
17.9
% (y-o-y)
50.6%
7.5
% (y-o-y)
Barrington
39
2.6
% (y-o-y)
$355,000
15.7
% (y-o-y)
47.6%
4.2
% (y-o-y)
Wheeling
38
40.7
% (y-o-y)
$165,000
9.1
% (y-o-y)
29.1%
23.0
% (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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