New Listing
26
$249,900
854 E Carriage Ln Unit 8
Palatine, IL 60074
3 bd2 ba1,300 sqft$192/ft²
Condo
Lori Christensen · N. W. Village Realty, Inc.
View photos & details
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Sarah Mitchell
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Compass Real Estate · Palatine, IL
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Palatine, IL(512) 555-0184TX License #0512847
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Palatine, IL Housing Market & Real Estate
Seller's market+7.7% YoY
Housing market overview · Updated monthly ·
$411,500median sale price
How is the Palatine, IL housing market right now?
The median home sale price in Palatine, IL is $411,500, up 7.7% year-over-year. Homes sell in an average of 38 days with 174 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Palatine a buyer's or seller's market?
Seller's market2.1 months of supply38 avg. days on market
Palatine, IL is currently a seller's market, based on 2.1 months of supply and homes selling in about 38 days. How we determine this →
Homes sold
84
Last 12 weeks
Days on market
38
Average pace
Active listings
174
2.1 months supply
Sale-to-list
101.4%
Above asking
What does the Palatine housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $411,500 |
| Median list price | $429,000 |
| Year-over-year price change | +7.7% |
| Average days on market | 38 days |
| Active inventory | 174 listings |
| Months of supply | 2.1 months |
| Sale-to-list price ratio | 101.4% |
| Median price per sq ft | $235/sq ft |
| Homes sold (latest month) | 84 |
| New listings (latest month) | 103 |
| Listings with a price cut | 13.2% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Palatine by property type?
How the Palatine, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $509,500 | $260/sq ft | 42 | 38 days |
| Condo / Co-op | $225,625 | $197/sq ft | 24 | 40 days |
| Townhouse | $400,000 | $242/sq ft | 18 | 36 days |
Source: Redfin · Updated monthly
The Palatine housing market is currently classified as a seller's market with a median sale price of $411,500. Prices have risen 7.7% compared to last year, with homes spending an average of 38 days on market, indicating 2.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.1x provides context for how home values compare to local earning capacity.
Homes for sale in Palatine
There are currently 174 homes listed for sale in Palatine, Illinois. The median listing price is $429K. Featured listings range from $249,900 to $700,000.
New Listing
34
$268,900
823 E Coach Rd Unit 8
Palatine, IL 60074
3 bd2 ba1,100 sqft$244/ft²
Condo
Yasir Malik · Kairos Brokerage LLC
View photos & details
New Listing
4
$269,000
1215 N Williams Dr Unit 1
Palatine, IL 60074
2 bd2 ba1,200 sqft$224/ft²
Condo
Andrew Oh · iProperties
View photos & details
New Listing
17
$279,900
1390 N Knollwood Dr Unit 1390
Palatine, IL 60067
2 bd2 ba1,155 sqft$242/ft²
Townhouse
Leopoldo Saucedo · Urbanitas Inc.
View photos & details
New Listing
32
$280,000
1375 N Whispering Springs Cir
Palatine, IL 60074
3 bd1 ba1,300 sqft$215/ft²
Townhouse
Peter Petrov · Real People Realty
View photos & details
New Listing
39
$293,900
945 E Kenilworth Ave Unit 312
Palatine, IL 60074
2 bd2 ba1,300 sqft$226/ft²
Condo
Joseph Lynn · Grapevine Realty, Inc.
View photos & details
New Listing
$350,000
316 N Schiller St
Palatine, IL 60067
2 bd1 ba884 sqft$396/ft²
House
Jill Little · Suburban Life Realty, Ltd
View photos & details
New Listing
$409,900
648 E Lincoln St
Palatine, IL 60074
4 bd2 ba1,532 sqft$268/ft²
House
Albert Mendez · Coldwell Banker Realty
View photos & details
New Listing
20
$425,000
659 N Walden Dr
Palatine, IL 60067
3 bd3 ba1,892 sqft$225/ft²
Townhouse
Susan Brill · Baird & Warner
View photos & details
New Listing
27
$435,000
330 S Oak St
Palatine, IL 60067
3 bd2 ba2,013 sqft$216/ft²
House9,888 sqft lot
Cynthia Lang · Century 21 Integra
View photos & details
New Listing
53
$450,000
580 N Quentin Rd
Palatine, IL 60067
3 bd2 ba1,821 sqft$247/ft²
House32,670 sqft lot
Daniel Hoeft · HomeSmart Connect LLC
View photos & details
New Listing
42
$700,000
685 E Thornhill Ln
Palatine, IL 60074
5 bd4 ba3,056 sqft$229/ft²
House
Nevin Nelson · Redfin Corporation
View photos & details
Looking to buy in Palatine?
Get connected with a local real estate expert — free, no obligation.
Active listings
174
Homes on market
Median list price
$429K
Avg. days on market
38
Days until sale
New this week
103
Newly listed
Price drops:13.2%of listings
Sale-to-list:101.4%
Who lives in Palatine?
Population
66,548
Median income
$95,950/yr
Median age
39.6 years
Owner-occupied
67.2%
College grads
49.8%
Avg commute
28 min
Source: U.S. Census Bureau ACS
What are homes worth in Palatine?
Zillow home value
$396,075
Zillow rent index
$1,990/mo
Price-to-rent ratio
16.6x
Price-to-income
4.1x
Source: Zillow Research
What is it like to live in Palatine?
Palatine is a community of approximately 67K residents with a median age of 39.6 years.The median household income is $95,950, which reflects a relatively affluent area with strong earning potential. 49.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 67.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 28 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Palatine offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Palatine?
16 schools tracked · 12,310 students
The largest public schools serving Palatine, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Wm Fremd High School
Grades 9-12 · 2,657 students
Palatine High School
Grades 9-12 · 2,562 students
Lake Louise Elem School
Grades PK-6 · 952 students
Lincoln Elementary School
Grades PK-6 · 739 students
Hunting Ridge Elem School
Grades K-6 · 724 students
Virginia Lake Elem School
Grades PK-6 · 665 students
Walter R Sundling Jr High Sch
Grades 7-8 · 614 students
Stuart R Paddock School
Grades PK-6 · 610 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Palatine, IL?
Want a head-to-head view? Compare Palatine side-by-side with any other U.S. city using our market-comparison tool.
Which ZIP codes are in Palatine?
Is Palatine a good real estate investment market?
For investors evaluating Palatine, the price-to-rent ratio of 16.6x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 7.7% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Palatine's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Palatine's median home price.
Frequently asked questions
What is the average home price in Palatine?
The median home sale price in Palatine is $411,500, up 7.7% from last year.
How long do homes stay on market in Palatine?
Homes typically spend 38 days on market before going under contract.
What is the median income in Palatine?
The median household income is $95,950 per year.
Is Palatine a buyer's or seller's market?
With 2.1 months of supply, Palatine is currently a seller's market.
How many homes are for sale in Palatine?
There are currently 174 homes listed for sale in Palatine, IL.
What is the Zillow home value estimate for Palatine?
The Zillow Home Value Index (ZHVI) for Palatine is $396,075, representing the typical home value in the area.
What is the median condo price in Palatine?
The median condo/co-op sale price in Palatine, IL is $225,625, compared to $509,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Palatine?
The median single-family home price in Palatine, IL is $509,500 (about $260 per square foot).
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