Palatine IL Real Estate Market Conditions

By
Real Estate Agent with Suburban House Hunters

Here is a quick overview of the single family market in Palatine, IL. There currently is about 19 months of inventory and the increase is most likely seasonal.

  • currently on the market: 270
  • currently under contract: 38
  • closed in the last 90 days: 43
  • est. inventory: 19 months
  • lowest price: $235,000
  • highest price: $1,695,000


Here is a quick overview of the condo market in Palatine, IL. There currently is about 22 months of inventory and this increase might be more than just seasonal. 

  • currently on the market: 314
  • currently under contract: 34
  • closed in the last 90 days: 42
  • est. inventory: 22 months (9 month increase from the 9/25 update) 
  • lowest price: $94,900
  • highest price: $525,000

Past Market Updates: 09/25/06

Visit http://www.suburbanhousehunters.com/ for more information about Palatine Heights Real Estate.

Check out or profile on these sites: Squidoo and Naymz.

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Anonymous
Anonymous
Anonymous
I always like to see what is going on in other markets.  Thanks Ken.
Nov 30, 2006 11:49 AM #1
Rainer
281,133
Ken Smith
Suburban House Hunters - Arlington Heights, IL
No problem, glad you like the information.
Nov 30, 2006 12:42 PM #2
Rainer
449,011
Jacqulyn Richey
Prominent Realty Group - Las Vegas, NV
Las Vegas Real Estate
Hey when are you doing the condo thing? -Charles
Nov 30, 2006 06:04 PM #3
Rainmaker
449,501
Tim Maitski
Atlanta Communities Real Estate Brokerage - Atlanta, GA
The Agent Who Uses "Watermelon Tough" Sign Posts
Wow, that's a lot of months of inventory.  I thought the 8 months of invertory in Atlanta was getting bad.  Hope you get a lot of sales in the process of decreasing it.
Nov 30, 2006 08:22 PM #4
Rainer
281,133
Ken Smith
Suburban House Hunters - Arlington Heights, IL

Charles, looks like early next year. Things have gotten backed up a little.

Tim, the number of under contract properties is lower than 2 months ago so things aren't looking very good as of now. This is normally a very bad time of year in the Chicagoland area so part of it is seasonal. Hope thing turn around in the spring.

Nov 30, 2006 11:20 PM #5
Rainer
83,861
Glenn Ginsburg
A Delta Realty of Naples Florida - Naples, FL
Naples Florida Real Estate

Ken - do you see where the condo market in Palatine may improve simply because of the pricing of single family homes being out of the reach of some buyers?

Condo market here in the Naples real estate market is also very slow.

Jan 02, 2007 10:33 AM #6
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Rainer
281,133

Ken Smith

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