The Palatine housing market is somewhat competitive. Homes in Palatine receive 4 offers on average and sell in around 41 days. The median sale price of a home in Palatine was $325K last month, down 4.3% since last year. The median sale price per square foot in Palatine is $225, up 11.9% since last year.
What is the housing market like in Palatine today?
In April 2024, Palatine home prices were down 4.3% compared to last year, selling for a median price of $325K. On average, homes in Palatine sell after 41 days on the market compared to 42 days last year. There were 89 homes sold in April this year, up from 76 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$325,000
-4.3% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Palatine, IL
$325,000
-4.3%
United States
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How hot is the Palatine housing market?
Palatine is somewhat competitive. Homes sell in 40 days.
0
100
69
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 2% above list price and go pending in around 40 days.
Hot homes
can sell for about 5% above list price and go pending in around 28 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Palatine
Explore recent offers and recently sold homes in Palatine
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Palatine housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Palatine.
Risk Factor
Flood Factor - Minor
20% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Palatine has a minor risk of flooding. 1,518 properties in Palatine are likely to be
severely affected
by flooding over the next 30 years. This represents 20% of all properties in Palatine. Flood risk is increasing slower than the national average.
2% of properties are at risk of wildfire over the next 30 years
Fire Factor
Palatine has a minor risk of wildfire. There are 350 properties in Palatine that have some risk of being affected by wildfire over the next 30 years. This represents 2% of all properties in Palatine.