Palatine Real Estate Market Update May 2018

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Palatine Real Estate Market Update May 2018
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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 6.37 months
supply of inventory on the market in Palatine on
May 31, 2018.
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Now is the Time to Sell! The average market time
for a Single Family Homes to sell in
Palatine last month was 41 days.It took on
average 38 days to sell Palatine Condo, Townhouse
or a Duplex.The number of home sales in Palatine
from April 1, 2018 through April 30, 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 131/Sq.Ft, which
is 4 a decline from last month.
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In Palatine there were 34 units sold in April in
the price range between 72,000 178,266 with
an average of 2 bedrooms and 1.5 bathrooms and
average Square footage of 1,114SF. In Palatine
there were 64 units sold in April in the price
range between 178,267 447,890 with an average
of 3.2 bedrooms and 2.2 bathrooms and average
Square footage of 1,881SF. In Palatine there were
19 units sold in April in the price range between
447,891 611,250 with an average of 4.3
bedrooms and 2.7 bathrooms and average Square
footage of 3,113SF. The low price range had the
most activity. Homes up to 178,266 were on the
market on average 26 days and sold an average of
131,608.
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If you are looking for a new home for you and
your family, or looking for an investment
property, you cant 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!
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John Herman Property Up Inc. Call 847-847-4711 18
-5 E Dundee Rd, Suite 200 Barrington, IL 60010