Friday 27 July 2018

Palatine Real Estate Market Update July 2018



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 6.48 months supply of inventory on the market in Palatine on July 31, 2018.


Now is the Time to Sell!
The average market time for a Single Family Homes to sell in Palatine last month was 38 days.
It took on average 31 days to sell Palatine Condo, Townhouse or a Duplex.
The number of home sales in Palatine from June 1, 2018 through June 30, 2018 was 150 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 $129/Sq.Ft, which is 0% an increase from last month.


In Palatine there were 44 units sold in June in the price range between $80,000 – $179,053 with an average of 2.1 bedrooms and 1.5 bathrooms and average Square footage of 1,086SF.
In Palatine there were 94 units sold in June in the price range between $179,054 – $489,052 with an average of 3.1 bedrooms and 2.1 bathrooms and average Square footage of 1,872SF.
In Palatine there were 12 units sold in June in the price range between $489,053 – $700,000 with an average of 4.3 bedrooms and 3.1 bathrooms and average Square footage of 3,273SF.
The low price range had the most activity. Homes up to $179,053 were on the market on average 34 days and sold an average of $130,149.

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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