Palatine Single Family Market Update

The above chart (click for larger view) shows the amount of inventory on a month by month basis over the past year for Palatine Illinois. The number above each bar is the number of months it would take to sell all homes on the market as of the end of that month.

Hope this snapshot helps provide a little insight into Palatine's real estate market.

12/10/07 Palatine Real Estate Update

There are currently 292 single family homes listed on the MLS with a price range of $224,900 up to $1,549,775. Of the 292 homes currently listed 26 of them are currently under contract. This leaves 266 single family homes available in all of Palatine.

Attached homes are either condos, townhomes, or coach homes. There are 627 attached homes on the market with a price range of $80,500 for a 1 bedroom condo up to $1,250,000 for a luxury 2 bedroom 2 bath penthouse condo. 101 of these listed homes are under contract as of today and that leaves 526 attached homes that are available.

These numbers show that Palatine is in a strong buyers market. We have seen an increase in activity that could be relief for homeowners looking to sell. For more detailed information about Palatine visit SuburbanHouseHunters.com.

Palatine Real Estate Market Update

Palatine Illinois is currently in a buyers market. That means there are more sellers looking to sell then there are buyers looking for homes. During a market like this home prices remain flat or drop in value. So far home prices have stayed about even in Palatine over the last 12 months.

Sellers also have to deal with longer marketing times. To make sure your home sells it needs to be clean, in good repair, and staged. When selling you need to put on a show, that is you market the home in the way buyers want to see it...not the way you normally would live in it.

Market update

For a quick overview of the single family real estate market in Palatine take a look at this blog post and this post. These posts will give you a quick overview of what is on the market, what has sold in the last 30 days and what is currently under contract.

03/03/05 Palatine Real Estate Update

Palatine real estate market update for 03/03/05.

There are currently 178 single family homes listed on the MLS with a price range of $223,900 up to $1,999,000. Of the 178 homes currently listed 68 of them are currently under contract. This leaves 110 single family homes available in all of Palatine.

Attached homes are either condos, townhomes, or coach homes. There are 407 attached homes on the market with a price range of $89,000 for a 1 bedroom condo up to $566,620 for a luxury 2 bedroom 2 bath penthouse condo. 127 of these listed homes are under contract as of today and that leaves 280 attached homes that are available.

These numbers show that Palatine is still in a sellers market and that homes prices look like they will continue to rise during the spring market that is about to start. For more detailed information about Palatine visit SuburbanHouseHunters.com.

02/07/05 Palatine Market Update

Palatine real estate market update for 02/07/05.

There are currently 167 single family homes listed on the MLS with a price range of $179,900 up to $2,100,000. Of the 167 homes currently listed 48 of them are currently under contract. This leaves 119 single family homes available in all of Palatine.

Attached homes are either condos, townhomes, or coach homes. There are 387 attached homes on the market with a price range of $72,000 for a 1 bedroom condo up to $549,900 for a luxury 3 bedroom 3 and 1/2 bath townhome. 119 of these listed homes are under contract as of today and that leaves 268 attached homes that are available.

These numbers show that Palatine is still in a sellers market and that homes prices look like they will continue to rise during the spring market that is about to start. For more detailed information about Palatine visit SuburbanHouseHunters.com.

02/01/05 Market Update

Palatine real estate market update for 02/01/05.

There are currently 165 single family homes listed on the MLS with a price range of $223,900 up to $2,100,000. Of the 165 homes currently listed 46 of them are currently under contract. This leaves 119 single family homes available in all of Palatine.

Attached homes are either condos, townhomes, or coach homes. There are 375 attached homes on the market with a price range of $72,000 for a 1 bedroom condo up to $549,900 for a luxury 3 bedroom 3 and 1/2 bath townhome. 106 of these listed homes are under contract as of today and that leaves 266 attached homes that are available.

These numbers show that Palatine is still in a sellers market and that homes prices look like they will continue to rise during the spring market that is about to start. For more detailed information about Palatine visit SuburbanHouseHunters.com.