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Palatine Real Estate Market Update August 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 6.97 months supply of inventory on the market in Palatine on August 31, 2018.<br><br>Now is the Time to Buy!<br><br>The average market time for a Single Family Homes to sell in Palatine last month was 33 days.<br>It took on average 32 days to sell Palatine Condo, Townhouse or a Duplex.<br>The number of home sales in Palatine from July 1, 2018 through July 31, 2018 was 117 units. That is 1% above the number of homes sold last month in Palatine.<br><br>The average price per square foot in the area is now $135/Sq.Ft, which is 5% an increase from last month.

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Palatine Real Estate Market Update August 2018

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  1. Palatine Real Estate Market Update August 2018

  2. 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 6.97 months supply of inventory on the market in Palatine on August 31, 2018.

  3. Now is the Time to Buy! The average market time for a Single Family Homes to sell in Palatine last month was 33 days.It took on average 32 days to sell Palatine Condo, Townhouse or a Duplex.The number of home sales in Palatine from July 1, 2018 through July 31, 2018 was 117 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 $135/Sq.Ft, which is 5% an increase from last month.

  4. In Palatine there were 30 units sold in July in the price range between $81,000 – $184,798 with an average of 2.2 bedrooms and 1.5 bathrooms and average Square footage of 1,128SF. In Palatine there were 75 units sold in July in the price range between $184,799 – $516,797 with an average of 3.1 bedrooms and 2 bathrooms and average Square footage of 1,811SF. In Palatine there were 12 units sold in July in the price range between $516,798 – $745,000 with an average of 3.9 bedrooms and 3.2 bathrooms and average Square footage of 3,506SF. The low price range had the most activity. Homes up to $184,798 were on the market on average 29 days and sold an average of $134,213.

  5. 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!

  6. John Herman PropertyUp Inc. Call847-847-4711 • 18-5 E Dundee Rd, Suite 200 • Barrington, IL 60010

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