Palatine Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $270,000
    9% ( $23,000 ) vs Feb 2014
  • Median Sales Price
    $212,000
    4% ( $8,000 ) vs Feb 2014
  • Median Foreclosure Sales Price
    $75,000
    23% ( $23,000 ) vs Feb 2014
  • Foreclosures 432
    Homes for Sale 266
    Recently Sold 630

Market Summary

There are currently 432 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 266.

In March, the number of properties that received a foreclosure filing in Palatine, IL was 126% higher than the previous month and 52% higher than the same time last year.

Home sales for February 2015 were down 28% compared with the previous month, and up 4% compared with a year ago. The median sales price of a non-distressed home was $212,000. The median sales price of a foreclosure home was $75,000, or 65% lower than non-distressed home sales.

Sales Prices - Palatine, IL




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$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) $90,000 (Median Foreclosure 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) $250,000 (Median 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) $90,000 (Median Foreclosure 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) $250,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Schaumburg
69
12.7
% (y-o-y)
$195,750
15.1
% (y-o-y)
38.3%
1.9
% (y-o-y)
Des Plaines
66
37.1
% (y-o-y)
$180,000
28.6
% (y-o-y)
4.2%
16.8
% (y-o-y)
Arlington Heights
60
31.8
% (y-o-y)
$258,750
0.9
% (y-o-y)
33.5%
34.9
% (y-o-y)
Streamwood
41
12.8
% (y-o-y)
$152,000
13.4
% (y-o-y)
23.7%
19.4
% (y-o-y)
Northbrook
40
20.0
% (y-o-y)
$405,000
5.5
% (y-o-y)
Data not available
Barrington
38
38.7
% (y-o-y)
$421,250
18.0
% (y-o-y)
Data not available
Mount Prospect
34
33.3
% (y-o-y)
$251,000
0.4
% (y-o-y)
35.3%
31.4
% (y-o-y)
Buffalo Grove
29
21.6
% (y-o-y)
$230,000
3.2
% (y-o-y)
24.8%
32.3
% (y-o-y)
Wheeling
27
10.0
% (y-o-y)
$151,250
12.5
% (y-o-y)
23.0%
3.3
% (y-o-y)
Vernon Hills
23
8.0
% (y-o-y)
$230,500
19.7
% (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: 5.90%
Percentage of vacant homes: 6.63%