Palatine, IL Housing Market

$353,715

5.8% 1-yr

The average Palatine, IL home value is $353,715, up 5.8% over the past year and goes to pending in around 7 days.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Palatine Key Takeaways

Typical Home Values: $353,715

1-year Value Change: +5.8%

(Data through March 31, 2025)

Palatine Housing Market Overview

--1-year Market Forecast

119For sale inventory(March 31, 2025)

65New listings(March 31, 2025)

0.992Median sale to list ratio(February 28, 2025)

$254,667Median sale price(February 28, 2025)

$364,250Median list price(March 31, 2025)

37.3%Percent of sales over list price(February 28, 2025)

54.8%Percent of sales under list price(February 28, 2025)

7Median days to pending(March 31, 2025)

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Palatine

NameMedian ZHVI
Winston Knolls$441,510
Poplar Hills$489,926
Scarsdale$590,538
Highlands$373,909
Highpoint$407,413
South Of Bode$348,561
Olde Schaumburg Centre$402,451
Cobblers Crossing$305,371
Golden Acres$490,000

Move forward with a local partner

Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.

Talk to a local agent

Get pre-qualified for a loan

At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact on your credit score.

Start Now

An equal housing lender. NMLS #10287.

Palatine Rental Market Trends

$1,897Average rent in Palatine(March 31, 2025)

$2,005National average rent(March 31, 2025)

0.7%Month-over-month change(March 31, 2025)

4.7%Year-over-year change(March 31, 2025)

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.