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Sarah Mitchell
Compass Real Estate · ZIP 60074
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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60074 ZIP Code Housing Market
$305,000median sale price
What is the 60074 housing market like right now?
The median home sale price in ZIP code 60074 is $305,000, up 17.8% year-over-year. Homes sell in an average of 43 days with 74 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 60074 ZIP code a buyer's or seller's market?
ZIP code 60074 is currently a balanced market and homes selling in about 43 days. How we determine this →
What are the latest 60074 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $305,000 |
| Median list price | $345,000 |
| Year-over-year price change | +17.8% |
| Average days on market | 43 days |
| Active inventory | 74 listings |
| Sale-to-list price ratio | 101.2% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 60074 zip code, located in Palatine, IL, is currently classified as a balanced market. The median sale price stands at $305,000, representing a +17.8% change year over year. Homes in this area spend an average of 43 days on the market before going under contract. There are currently 74 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 60074 sits in the Palatine, IL area, roughly 1.4 miles from downtown Palatine. Because home prices are set street by street, this ZIP can move differently from Palatine's citywide averages. The figures below reflect 60074 specifically — drawn from Redfin transactions, U.S. Census data for its 36,460 residents, and Zillow value estimates.
Homes sold
111
Last 12 weeks
Days on market
43
Average pace
Active listings
74
Sale-to-list
101.2%
Above asking
What is driving the 60074 housing market?
The 60074 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 101.2% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 60074 have increased +17.8% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 60074 stands at $318,857, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $2,049 per month. This gives a price-to-rent ratio of approximately 13.0, which suggests that buying may be more cost-effective than renting in this area over the long term. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 60074?
Population
36,460
Median income
$84,089/yr
Median age
39.3 years
Owner-occupied
61.6%
College grads
44.4%
Avg commute
30.07 min
What is it like living in 60074?
Zip code 60074 is home to approximately 36,460 residents. The median household income is $84,089 per year, which shapes the types of homes and amenities available in the area. With a median age of 39.3 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 61.6% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 44.4% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 30.07 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 60074.
Which public schools serve ZIP 60074?
6 schools tracked · 5,468 students
The largest public schools serving ZIP code 60074 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.
Palatine High School
Grades 9-12 · 2,562 students
Lake Louise Elem School
Grades PK-6 · 952 students
Virginia Lake Elem School
Grades PK-6 · 665 students
Winston Campus Jr High
Grades 7-8 · 590 students
Jane Addams Elem School
Grades PK-6 · 445 students
Winston Campus Elementary
Grades PK-6 · 254 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 60074
What is the median home price in 60074?
The current median sale price in 60074 is $305,000, based on recent Redfin transaction data. Prices have changed +17.8% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 60074 a buyer's or seller's market?
The 60074 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 60074?
Zip code 60074 has a population of approximately 36,460 residents. The median household income is $84,089 per year. About 61.6% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 60074?
Properties Incorporated provides comprehensive data for 60074 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 60074 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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