Palatine, IL Home Values & Market Trends
Real estate market trends reflect that there have been 1,180 transactions over the past year in Palatine. The median value for residential home transactions that occurred over the previous year is $425,436. The number of current listings in Palatine is 592, and the percentage of properties for sale in the city is 592.00%. Palatine, IL currently has 65 properties in foreclosure, 3 bank owned properties, 6 properties headed for auction, and 592 properties for sale.
Palatine, IL Real Estate Market Overview
Housing Market Summary for Palatine, IL
| Oct 2025 | October 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $389.4K | $377.4K | -3.08% |
| Median Sold Price | $383.1K | $373.5K | -2.49% |
| Homes For Sale | 439 | 592 | 34.85% |
| Homes Sold | 595 | 613 | 3.03% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Palatine, IL
Browse Homes in Palatine, IL
Palatine home values range from $120,001 to $1,343,111. The median estimated value of a home in Palatine is $425,436. The median list price of a home is 377,450, and the total count of properties in the city is 1,330.
- Pre-ForeclosurePre-foreclosure homes account for 4.21% of all residential properties in Palatine, IL with 60067 containing 34 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Palatine, IL; of those zips, the estimated home value for pre-foreclosure homes ranges from $895,361 in 60074 to the lowest home value of $160,686 in 60067.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Palatine, IL ranges from the highest value of $276,110 in 60067 to the lowest value of $230,871 in 60074. Bank owned homes and properties account for 0.23% of properties in Palatine, IL. There are 2 zips within Palatine, IL; 60074 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60067 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Palatine, IL. Auction homes and other auction properties account for 0.45% of all properties in Palatine, IL. There are 2 zips within Palatine, IL; of those zips, the median estimated home value for homes going to auction ranges from $1,003,010 in 60074 to the lowest value of $327,189 in 60074.
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More Real Estate Resources for Palatine, IL
Guide for Palatine, IL
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
