Real Estate In Palatine is a balanced market favoring buyers. There is significant amount of homes for sale in Palatine, and buyers are not in a rush to buy yet. There is a 7.55 months supply of inventory on the market in Palatine on December 31, 1969.
Now is the Time to Buy! The average market time for a Single Family Homes to sell in Palatine last month was 44 days. It took on average 35 days to sell Palatine Condo, Townhouse or a Duplex.
The number of home sales in Palatine from August 1, 2019 through August 31, 2019 was 116 units. That is 1% above the number of homes sold last month in Palatine.
The average price per square foot in the area is now $138/Sq.Ft, which is 7% an increase from last month.
In Palatine there were 31 units sold in August in the price range between $85,000 – $185,518 with an average of 1.9 bedrooms and 1.4 bathrooms and average Square footage of 1,056SF.
In Palatine there were 79 units sold in August in the price range between $185,519 – $533,017 with an average of 3.2 bedrooms and 2.1 bathrooms and average Square footage of 2,010SF.
In Palatine there were 6 units sold in August in the price range between $533,018 – $780,000 with an average of 4.2 bedrooms and 3 bathrooms and average Square footage of 3,684SF.
The low price range had the most activity. Homes up to $185,518 were on the market on average 26 days and sold an average of $131,658.
If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Palatine. Search all Palatine homes for Sale on propertyup.com If you are considering viewing Palatine, you may want to do so now!