Palatine Real Estate Market Update September 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 6.77 months supply of inventory on the market in Palatine on September 30, 2018.

Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Palatine last month was 51 days. It took on average 26 days to sell Palatine Condo, Townhouse or a Duplex. The number of home sales in Palatine from August 1, 2018 through August 31, 2018 was 107 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 $137/Sq.Ft, which is 0% an increase from last month.

In Palatine there were 36 units sold in August in the price range between $77,000 – $181,158 with an average of 1.8 bedrooms and 1.3 bathrooms and average Square footage of 971SF.

In Palatine there were 56 units sold in August in the price range between $181,159 – $511,407 with an average of 2.9 bedrooms and 2.1 bathrooms and average Square footage of 1,880SF.

In Palatine there were 15 units sold in August in the price range between $511,408 – $737,500 with an average of 4 bedrooms and 3.1 bathrooms and average Square footage of 3,435SF.

The low price range had the most activity. Homes up to $181,158 were on the market on average 30 days and sold an average of $118,472.

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!