Altos Market Data for Realtors

Palatine, IL

Single-Family Homes

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Palatine, IL

Wed Oct 20 2021
This week the median list price for Palatine, IL is $425,000 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has decreased to 123. 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.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Palatine, IL

Wed Oct 20 2021
This week the median list price for Palatine, IL is $425,000 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has decreased to 123. 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.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Palatine market.
Median List Price $425,000
Median Price of New Listings $374,500
Per Square Foot $194
Average Days on Market 110
Median Days on Market 63
Price Decreased 50%
Price Increased 1%
Relisted 28%
Inventory 123
Median Rent $2,300
Market Action 37
Slight Seller's Advantage

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
$714,500 3,711 0.5 - 1 acre 4 3 31 0 4 115
$470,000 2,540 0.25 - 0.5 acre 4 2 49 5 8 42
$369,900 1,900 8,000 - 10,000 sqft 3 2 55 6 6 49
$297,000 1,400 0.25 - 0.5 acre 3 2 64 5 5 42