Downtown, IL Housing Market

The Downtown housing market is somewhat competitive. The median sale price of a home in Downtown was $325K last month, down 3.3% since last year. The median sale price per square foot in Downtown is $268, up 26.4% since last year.

Trends
Demand
Schools
Climate
Transportation

Downtown Housing Market Trends

What is the housing market like in Downtown today?

$325K

Sale Price

-3.3%
since last year

$268

Sale $/Sq. Ft.

+26.4%
since last year

Under List Price

1.1%

Days on Market

Down Payment

34.8%

Total Homes Sold

To compare other locations to the Downtown and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Palatine add value to a home.

Work with the best agents in Downtown

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How hot is the Downtown housing market?

Downtown is somewhat competitive. Homes sell in 58 days.

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 58 days.
Hot homes
can sell for around list price and go pending in around 45 days.

Compare With Nearby Neighborhoods

Golden Corridor

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 49 days.
Hot homes
can sell for about 2% above list price and go pending in around 35 days.

See more nearby cities and neighborhoods

View houses in Downtown that sold recently

Recently sold homes

SOLD DEC 12, 2024
$500,000 Last Sold Price
4 beds
2.5 baths
2,482 sq ft
261 N Fremont St, Palatine, IL 60067
List Price
$525,000
Sale to List
5% under list
Days on Market
49 days
261 N Fremont St, Palatine, IL 60067
SOLD DEC 10, 2024
$360,000 Last Sold Price
3 beds
3 baths
2,031 sq ft
404 N Eric Dr, Palatine, IL 60067
List Price
$359,900
Sale to List
0% over list
Days on Market
64 days
404 N Eric Dr, Palatine, IL 60067
SOLD DEC 5, 2024
3D WALKTHROUGH
$405,000 Last Sold Price
3 beds
2.5 baths
1,855 sq ft
45 W Johnson St, Palatine, IL 60067
List Price
$415,000
Sale to List
2% under list
Days on Market
43 days
45 W Johnson St, Palatine, IL 60067
SOLD DEC 4, 2024
$285,000
—beds
—baths
—sq ft
55 S Hale St, Palatine, IL 60067
List Price
—
Sale to List
—
Days on Market
—
55 S Hale St, Palatine, IL 60067
SOLD DEC 4, 2024
$525,000 Last Sold Price
3 beds
3.5 baths
2,553 sq ft
66 S Greeley St, Palatine, IL 60067
List Price
$500,000
Sale to List
5% over list
Days on Market
41 days
66 S Greeley St, Palatine, IL 60067
SOLD DEC 3, 2024
$250,000
3 beds
1.5 baths
1,264 sq ft
204 W Cornell Ave, Palatine, IL 60067
List Price
—
Sale to List
—
Days on Market
—
204 W Cornell Ave, Palatine, IL 60067
SOLD NOV 27, 2024
$268,000 Last Sold Price
1 bed
1 bath
878 sq ft
24 W Station St #416, Palatine, IL 60067
List Price
$275,000
Sale to List
3% under list
Days on Market
26 days
24 W Station St #416, Palatine, IL 60067
SOLD NOV 26, 2024
$295,000 Last Sold Price
1 bed
1 bath
1,100 sq ft
24 W Station St Unit 204W, Palatine, IL 60067
List Price
$299,000
Sale to List
1% under list
Days on Market
53 days
24 W Station St Unit 204W, Palatine, IL 60067
See all recently sold homes in Downtown.
See listings

Schools in Downtown

Learn about schools in the Downtown area

Elementary
Middle
High

GreatSchools Rating

5/10

Stuart R Paddock School

Public • K-6

601

Students

9 reviews

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on Downtown housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Downtown.

Wind Factor - Minor

100% of properties are at minor risk of a severe wind event over the next 30 years

Heat Factor - Moderate

72% of properties are at moderate risk of heat over the next 30 years

Provided by First Street Foundation

Transportation in Downtown

Learn about the walkability, bikeability, and transit-friendliness of Downtown

88 / 100

Very Walkable

Walk Score®

47 / 100

Some Transit

Transit Score®

73 / 100

Very Bikeable

Bike Score®

More real estate resources for Downtown

New Listings in Downtown

Nearby Neighborhood Housing Markets

Zip Code Housing Markets

City Housing Markets

Nearby Neighborhood Listings

Zip Code Listings

City Listings

Rentals

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