Palatine, IL Housing Market Trends

Market Overview for Q3 2026

$386K 8.7% Y-o-Y $31K Y-o-Y
$279 9% Y-o-Y $23 Y-o-Y
262 -14.9% Y-o-Y -46 Y-o-Y
$370K 17% Y-o-Y $54K Y-o-Y
Palatine, IL Median Sale Price
Year Q1 Q2 Q3 Q4
2022 $269,000 $300,000 $292,000 0
2023 $271,000 $335,000 $325,000 $290,000
2024 $286,000 $380,000 $349,000 $305,000
2025 $339,000 $385,000 $355,000 $353,000
2026 $350,000 $400,000 $386,000
Palatine, IL Median Sale Price/Sq. Ft.
Year Q1 Q2 Q3 Q4
2022 $198 $219 $213 0
2023 $219 $228 $222 $225
2024 $241 $244 $252 $237
2025 $247 $261 $256 $266
2026 $273 $280 $279
Real Estate Transactions in Palatine, IL
Year Q1 Q2 Q3 Q4
2022 330 471 370 0
2023 174 303 261 179
2024 204 316 297 260
2025 214 319 308 178
2026 183 271 262
Cook County Median Sale Price
Year Q1 Q2 Q3 Q4
2022 $275,000 $300,000 $280,000 0
2023 $267,000 $300,000 $300,000 $280,000
2024 $290,000 $325,000 $320,000 $305,000
2025 $312,000 $340,000 $330,000 $330,000
2026 $325,000 $360,000 $358,000
Palatine, IL Median Sale Price
Year Q1 Q2 Q3 Q4
2022 $269,000 $300,000 $292,000 0
2023 $271,000 $335,000 $325,000 $290,000
2024 $286,000 $380,000 $349,000 $305,000
2025 $339,000 $385,000 $355,000 $353,000
2026 $350,000 $400,000 $386,000
Palatine, IL Median Sale Price/Sq. Ft.
Year Q1 Q2 Q3 Q4
2022 $198 $219 $213 0
2023 $219 $228 $222 $225
2024 $241 $244 $252 $237
2025 $247 $261 $256 $266
2026 $273 $280 $279
Real Estate Transactions in Palatine, IL
Year Q1 Q2 Q3 Q4
2022 330 471 370 0
2023 174 303 261 179
2024 204 316 297 260
2025 214 319 308 178
2026 183 271 262
Cook County Median Sale Price
Year Q1 Q2 Q3 Q4
2022 $275,000 $300,000 $280,000 0
2023 $267,000 $300,000 $300,000 $280,000
2024 $290,000 $325,000 $320,000 $305,000
2025 $312,000 $340,000 $330,000 $330,000
2026 $325,000 $360,000 $358,000

Housing Market Trends by Property Type

Property Type
Median Sale Price
Median Sale Price (Y-o-Y)
Median Sale Price/Sq. Ft.
Median Sale Price/Sq. Ft. (Y-o-Y)
No. of Transactions
Condos
$250K
8.2%
-
-
103
Other Residential
$525K
1%
$291
5.8%
123

Palatine, IL Housing Stock

Property Type
Units
Condo
9,377
Townhouse
2,485
Other
14,140

Cook County: Demographics

Total population
66,293
Median age
40.7
No high school education
5.0%
Some high school/college
22.0%
Bachelor's degree
31.0%
Average household income
$124,160
Occupied housing units
27,303
Owner-occupied units
67.4%
Renter-occupied units
32.6%
Median year structure built
1977

Discover Housing Market Trends in Other Cities

#
City
Median Sale Price
1
Winnetka
$1.4M
2
Wilmette
$983K
3
Western Springs
$900K
4
Barrington
$780K
5
Glenview
$744K
6
Northbrook
$730K
7
Lemont
$725K
8
River Forest
$643K
9
Park Ridge
$598K
10
LA Grange
$529K
12
Evanston
$480K
13
Morton Grove
$463K
14
Oak Park
$450K
15
Mount Prospect
$438K
16
Skokie
$430K
17
Riverside
$430K
18
Harwood Heights
$424K
19
Orland Park
$412K
20
Hoffman Estates
$405K
21
Niles
$400K
22
Rolling Meadows
$395K
24
Palos Heights
$379K
25
Prospect Heights
$378K
26
Westchester
$375K
27
Brookfield
$364K
28
Chicago
$360K
29
Forest Park
$360K
30
Melrose Park
$350K
31
Elmwood Park
$350K
32
Streamwood
$348K
33
Des Plaines
$340K
34
Schaumburg
$336K
35
Berwyn
$335K
36
Elgin
$327K
37
Wheeling
$326K
38
Oak Forest
$317K
39
Oak Lawn
$310K
40
Burbank
$309K
41
Tinley Park
$305K
42
Cicero
$281K
43
Midlothian
$275K
44
Alsip
$269K
45
Palos Hills
$255K
46
Matteson
$250K
48
Homewood
$235K
49
South Holland
$223K
50
Chicago Heights
$208K
51
Lansing
$202K
52
Park Forest
$165K
53
Calumet City
$150K