Wednesday 28 March 2018

Palatine Real Estate Market Update March 2018


Real Estate In Palatine is a sellers’ market with low inventory of homes in Palatine and a lot of buyer interest. There is a 4.47 months supply of inventory on the market in Palatine on March 31, 2018.


Now is the Time to Sell!
The average market time for a Single Family Homes to sell in Palatine last month was 68 days.
It took on average 73 days to sell Palatine Condo, Townhouse or a Duplex.
The number of home sales in Palatine from February 1, 2018 through February 28, 2018 was 61 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 $114/Sq.Ft, which is 0% no change from last month.


In Palatine there were 23 units sold in February in the price range between $67,000 – $157,164 with an average of 1.7 bedrooms and 1.4 bathrooms and average Square footage of 967SF.
In Palatine there were 33 units sold in February in the price range between $157,165 – $458,663 with an average of 3.2 bedrooms and 2.2 bathrooms and average Square footage of 2,050SF.
In Palatine there were 5 units sold in February in the price range between $458,664 – $670,000 with an average of 4 bedrooms and 2.5 bathrooms and average Square footage of 2,958SF.
The low price range had the most activity. Homes up to $157,164 were on the market on average 63 days and sold an average of $110,091.

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!

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