Housing in Palatine, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$328,500
Median List Price
$351,500
Price Per Sq Ft
$211
Days on Market
67
Active Inventory
113
Months of Supply
2.4
Seller's market
Zillow Home Value
$362,205
ZHVI — January 2026
Zillow Rent Index
$1,990
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
39.6%
Off Market in 2 Weeks
48.1%
Sale-to-List Ratio
99.1%
Buyer's market
Market Activity
Source: RedfinHomes Sold
48
New Listings
56
Pending Sales
54
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$211
Median List $/SF
$239
Palatine vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 50,000 - 100,000 residents. Palatine is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$347,900
Median Rent
$1,467
Total Housing Units
28,170
Vacancy Rate
4.8%
Owner Occupied
67.2%
Renter Occupied
32.8%
Median Property Tax
$8,113
per year
Monthly Cost (w/ Mortgage)
$1,811
Housing Types
The current median sale price in Palatine, IL is $328,500 according to Redfin data. Homes spend a median of 67 days on the market. 39.6% of homes sold above asking price. The market has 2.4 months of supply. The median price per square foot is $211. Zillow's observed rent index is $1,990/month. About 67.2% of housing units are owner-occupied. The median year homes were built is 1977. There are 28,170 total housing units.