New listing
26
$249,900
854 E Carriage Ln Unit 8
Palatine, IL 60074
3 bd2 ba1,300 sqft
Condo
Est. $193K
Lori Christensen · N. W. Village Realty, Inc.
More about this property
Palatine, IL Housing Market & Real Estate
Balanced market+5.9% YoY
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Palatine, IL is $297,500, up 5.9% year-over-year. Homes sell in an average of 57 days with 119 active listings. The market is currently a balanced market.
$297,500median sale price
Is Palatine a buyer's or seller's market?
Balanced market2.8 months of supply57 avg. days on market
Palatine, IL is currently a balanced market, based on 2.8 months of supply and homes selling in about 57 days. How we determine this →
Homes sold
42
Last 12 weeks
Days on market
57
Average pace
Active listings
119
2.8 months supply
Sale-to-list
99.1%
Below asking
Palatine, IL market data
| Metric | Value |
|---|---|
| Median sale price | $297,500 |
| Median list price | $304,950 |
| Year-over-year price change | +5.9% |
| Average days on market | 57 days |
| Active inventory | 119 listings |
| Months of supply | 2.8 months |
| Sale-to-list price ratio | 99.1% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The Palatine housing market is currently classified as a balanced market with a median sale price of $297,500. Prices have risen 5.9% compared to last year, with homes spending an average of 57 days on market, indicating 2.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Palatine
There are currently 119 homes listed for sale in Palatine, Illinois. The median listing price is $305K. 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
Condo
Est. $229KSold 2025 for $223K
Yasir Malik · Kairos Brokerage LLC
More about this property
New listing
4
$269,000
1215 N Williams Dr Unit 1
Palatine, IL 60074
2 bd2 ba1,200 sqft
Condo
Est. $258KSold 2007 for $192K
Andrew Oh · iProperties
More about this property
New listing
17
$279,900
1390 N Knollwood Dr Unit 1390
Palatine, IL 60067
2 bd2 ba1,155 sqft
Townhouse
Est. $284KSold 2025 for $288K
Leopoldo Saucedo · Urbanitas Inc.
More about this property
New listing
32
$280,000
1375 N Whispering Springs Cir
Palatine, IL 60074
3 bd1 ba1,300 sqft
Townhouse
Est. $188KSold 2001 for $142K
Peter Petrov · Real People Realty
More about this property
New listing
39
$293,900
945 E Kenilworth Ave Unit 312
Palatine, IL 60074
2 bd2 ba1,300 sqft
Condo
Est. $188KSold 2026 for $176K
Joseph Lynn · Grapevine Realty, Inc.
More about this property
New listing
$350,000
316 N Schiller St
Palatine, IL 60067
2 bd1 ba884 sqft
House
Est. $332KSold 2022 for $255K
Jill Little · Suburban Life Realty, Ltd
More about this property
New listing
$409,900
648 E Lincoln St
Palatine, IL 60074
4 bd2 ba1,532 sqft
House
Est. $410KSold 2023 for $336K
Albert Mendez · Coldwell Banker Realty
More about this property
New listing
20
$425,000
659 N Walden Dr
Palatine, IL 60067
3 bd3 ba1,892 sqft
Townhouse
Est. $412KSold 2014 for $211K
Susan Brill · Baird & Warner
More about this property
New listing
27
$435,000
330 S Oak St
Palatine, IL 60067
3 bd2 ba2,013 sqft
House9,888 sqft lot
Est. $366KSold 2000 for $209K
Cynthia Lang · Century 21 Integra
More about this property
New listing
53
$450,000
580 N Quentin Rd
Palatine, IL 60067
3 bd2 ba1,821 sqft
House32,670 sqft lot
Est. $557K
Daniel Hoeft · HomeSmart Connect LLC
More about this property
New listing
42
$700,000
685 E Thornhill Ln
Palatine, IL 60074
5 bd4 ba3,056 sqft
House
Est. $692KSold 2022 for $650K
Nevin Nelson · Redfin Corporation
More about this property
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Active listings
119
Homes on market
Median list price
$305K
Avg. days on market
57
Days until sale
New this week
66
Newly listed
Price drops:10.9%of listings
Sale-to-list:99.1%
Top public schools in 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.
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Frequently asked questions
What is the average home price in Palatine?
The median home sale price in Palatine is $297,500, up 5.9% from last year.
How long do homes stay on market in Palatine?
Homes typically spend 57 days on market before going under contract.
Is Palatine a buyer's or seller's market?
With 2.8 months of supply, Palatine is currently a balanced market.
How many homes are for sale in Palatine?
There are currently 119 homes listed for sale in Palatine, IL.
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