George Clayson House · Photo: G LeTourneau · CC BY-SA 3.0873 homes sold in Palatine in the last year, at a typical $363K
Houses and condos split the market almost evenly. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Palatine homes are listed.
Every place Palatine homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Palatine.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
A third of Palatine’s sales are condos, at $270K less than a house
360 houses and 322 condos sold in the year to May 2026. Houses draw more bidding wars.
typical sale · 360 sold in 12 months
- Per square foot
- $261IL $180
- Days to sell
- 49
- Sold over asking
- 51%
- Listings with a price cut
- 16%
typical sale · 322 sold in 12 months
- Per square foot
- $207IL $251
- Days to sell
- 48
- Sold over asking
- 37%
- Listings with a price cut
- 16%
Multi-family (2–4 units): 1 sold, typical $514K
Townhouses: 190 sold, typical $352K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 1.6 times the 2016 price
873 sales in the last year, against 1,643 in 2021 and a low of 814 in 2023. The typical sale went from $231K in 2016 to $363K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $350K buys in Palatine
Check a listing against what Palatine homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Palatine are more common than before the pandemic, but 61% fewer homes come up for sale
We read every month of Palatine’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 873 sales.
If you’re buying in Palatine
- Shop in March. It brings about 147 new listings a month, close to the busiest month, with fewer bidding wars (26% over asking).
- Less room to haggle. Only 15% of listings cut their price, against 24% before the pandemic.
- Bid near asking. Buyers paid 100.2% of the list price on average; 45% paid over.
- Move fast on good ones. 58% of homes are under contract within two weeks.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 156 a month), but June is the most competitive: 33% of June sales close over asking. March and April offer nearly as much choice with fewer homes bid up (26%). November has the least competition (17%) but only about 66 new listings.
Averages for each calendar month, 2015 on.
Hotter than in 2021, and hotter than Illinois
| Palatine now | 2017–19 | 2021 peak | IL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 45% | 13% | 29% | 37% |
| Gone within two weeksShare of homes under contract within 14 days | 58% | 33% | 46% | 46% |
| Listings with a price cutShare of homes for sale that cut their price | 15% | 24% | 28% | 19% |
| Price paid vs. askingAverage sale price ÷ list price | 100.2% | 96.8% | 98.6% | 99.2% |
| Days to sellMedian days from listing to contract | 48 | 65 | 20 | 49 |
162 homes for sale on a typical day
That’s 1.2 times the 2023 low (138), 61% fewer than in 2017–19 and well under 2019’s 471.
1 in 7 listings has cut its price
15% in the last year, against 24% in 2017–19 and 19% across Illinois.
Since 2019, houses are up 59%, condos 71%
A house typically sold for $495K in the last year (360 sales), a condo for $225K (322).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Palatine ranks 68th of 324 busy Illinois markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Palatine is one of the state’s hottest markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Palatine home costs about $2,577 a month
Price: Palatine’s typical sale, last 12 months. Property tax at Palatine’s 2.3% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Palatine is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 44.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $363K home, about $8,190 a year.
Taxes vs. neighborsSchools
The schools grade for Palatine, from test results, graduation and how much students grow.
Schools in PalatineTypical commute
The average one-way trip to work for people who live in Palatine.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot
The busier markets within 25 miles of Palatine, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Arlington Heights | 906 | $470K | $269 | 45% | 45 |
| Palatine | 873 | $363K | $232 | 45% | 48 |
| Rolling Meadows | 271 | $329K | $237 | 44% | 47 |
| Barrington | 189 | $586K | $269 | 29% | 56 |
| Inverness | 103 | $803K | $239 | 27% | 63 |
| Kildeer | 76 | $866K | $278 | 46% | 99 |
| Deer Park | 39 | $744K | $257 | 44% | 60 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Palatine, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Palatine. People who follow the town see it, and so do people comparing Palatine with their own town. No commission, no listing fee.
Questions about buying a home in Palatine
What do homes sell for in Palatine, IL?
873 homes sold in the year to May 2026 at a typical $363K, $232 a square foot. Houses sold for about $495K, condos for about $225K.
Is Palatine a buyer’s or seller’s market?
A seller’s market: 174 homes were for sale in May 2026 and 84 sold, about 2.1 months of supply. Buyers paid 100.2% of asking on average, and 15% of listings cut their price.
When is the best time to buy in Palatine?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Palatine?
About 2.3% of a home’s value a year. On a $363K home that’s near $8,190.
Where can I see homes for sale in Palatine?
Zillow, Redfin, Realtor.com and Homes.com all carry Palatine’s MLS listings; the search links above open each one filtered to Palatine.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).