All Home Types
Palatine, IL Housing Market
What is the housing market like in Palatine today?
In August 2024, Palatine home prices were down 14.7% compared to last year, selling for a median price of $290K. On average, homes in Palatine sell after 42 days on the market compared to 41 days last year. There were 94 homes sold in August this year, down from 107 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$290,000
-14.7% YoY | Aug 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Aug 2024
Growth
% YoY
Palatine, IL
$290,000
-14.7%
United States
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Palatine Migration & Relocation Trends
In Jun '24 - Aug '24, 14% of Palatine homebuyers searched to move out of Palatine, while 86% looked to stay within the metropolitan area.
- Across the nation, 3% of homebuyers searched to move into Palatine from outside metros.
- New York homebuyers searched to move into Palatine more than any other metro followed by Peoria and St. Louis.
Where are people moving to Palatine from?
- 86% of Palatine homebuyers searched to stay within the Palatine metropolitan area.
- South Bend was the most popular destination among Palatine homebuyers followed by Cape Coral and Milwaukee.
Where are people from Palatine moving to?
Number of People Moving to Palatine
least
most
People are moving to Palatine from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Jun '24 - Aug '24 | ||
| 1 | 1,380 | ||
| 2 | 1,053 | ||
| 3 | 688 | ||
| 4 | 636 | ||
| 5 | 327 | ||
| 6 | 247 | ||
| 7 | 239 | ||
| 8 | 197 | ||
| 9 | 186 | ||
| 10 | 140 | ||
People are leaving Palatine for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Jun '24 - Aug '24 | ||
| 1 | 1,681 | ||
| 2 | 1,552 | ||
| 3 | 1,484 | ||
| 4 | 1,075 | ||
| 5 | 1,041 | ||
| 6 | 935 | ||
| 7 | 928 | ||
| 8 | 806 | ||
| 9 | 741 | ||
| 10 | 601 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Palatine.
Provided by First Street Foundation
Transportation in Palatine
Learn about the walkability, bikeability, and transit-friendliness of Palatine
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