Monday 30 April 2018

Palatine Real Estate Market Update April 2018



Real Estate In Palatine is a balanced market that favoring sellers. We still see plenty of inventory, so plenty of bargains for the buyers. There is a 5.65 months supply of inventory on the market in Palatine on April 30, 2018.


Now is the Time to Sell!
The average market time for a Single Family Homes to sell in Palatine last month was 36 days.
It took on average 47 days to sell Palatine Condo, Townhouse or a Duplex.
The number of home sales in Palatine from March 1, 2018 through March 31, 2018 was 75 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 $136/Sq.Ft, which is 21% an increase from last month.


In Palatine there were 24 units sold in March in the price range between $50,000 – $172,790 with an average of 1.9 bedrooms and 1.4 bathrooms and average Square footage of 1,036SF.
In Palatine there were 44 units sold in March in the price range between $172,791 – $540,289 with an average of 3.3 bedrooms and 2.2 bathrooms and average Square footage of 2,028SF.
In Palatine there were 7 units sold in March in the price range between $540,290 – $785,000 with an average of 4.6 bedrooms and 3.4 bathrooms and average Square footage of 3,721SF.
The low price range had the most activity. Homes up to $172,790 were on the market on average 60 days and sold an average of $124,870.

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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