Altos Market Data for Realtors

Palatine, IL

Single-Family Homes

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Palatine, IL

Tue May 30 2023
This week the median list price for Palatine, IL is $739,000 with the market action index hovering around 55. This is less than last month's market action index of 56. Inventory has increased to 37. 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

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Palatine, IL

Tue May 30 2023
This week the median list price for Palatine, IL is $739,000 with the market action index hovering around 55. This is less than last month's market action index of 56. Inventory has increased to 37. 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

Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Palatine market.
Median List Price $739,000
Median Price of New Listings $595,000
Per Square Foot $253
Average Days on Market 217
Median Days on Market 77
Price Decreased 38%
Price Increased 0%
Relisted 24%
Inventory 37
Median Rent
Market Action 55
Strong Seller's Market

Price trends continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here.

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
$899,000 3,200 0.25 - 0.5 acre 4 3.5 4 2 0 105
$825,000 3,400 0.25 - 0.5 acre 4 3.5 5 1 2 280
$625,000 2,850 0.25 - 0.5 acre 4 2.5 23 0 2 266
$357,499 1,386 0.25 - 0.5 acre 3 1.5 69 3 4 38