Altos Market Data for Realtors

Palatine, IL

Single-Family Homes

Schedule a demo today at AltosResearch.com



Palatine, IL

Thu Mar 28 2024
This week the median list price for Palatine, IL is $699,000 with the market action index hovering around 48. This is an increase over last month's market action index of 47. Inventory has increased to 39. Click here to stay informed with the Palatine market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Palatine, IL

Thu Mar 28 2024
This week the median list price for Palatine, IL is $699,000 with the market action index hovering around 48. This is an increase over last month's market action index of 47. Inventory has increased to 39. Click here to stay informed with the Palatine market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Palatine market.
Median List Price $699,000
Median Price of New Listings $577,450
Per Square Foot $229
Average Days on Market 277
Median Days on Market 35
Price Decreased 15%
Price Increased 10%
Relisted 15%
Inventory 39
Median Rent
Market Action 48
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,050,000 4,813 0.5 - 1 acre 4 4 12 0 2 252
$770,000 3,364 0.25 - 0.5 acre 4 3.5 11 1 1 353
$602,450 2,532 0.25 - 0.5 acre 4 2.5 51 2 1 31
$344,450 1,200 0.25 - 0.5 acre 3 1.8 61 1 3 17