All Home Types
Palatine, IL Housing Market
What is the housing market like in Palatine today?
In February 2025, Palatine home prices were down 13.2% compared to last year, selling for a median price of $295K. On average, homes in Palatine sell after 48 days on the market compared to 52 days last year. There were 59 homes sold in February this year, up from 42 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$295,000
-13.2% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Palatine, IL
$295,000
-13.2%
United States
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Palatine Migration & Relocation Trends
In Jan '25 - Mar '25, 16% of Palatine homebuyers searched to move out of Palatine, while 84% looked to stay within the metropolitan area.
- Across the nation, 3% of homebuyers searched to move into Palatine from outside metros.
- Peoria homebuyers searched to move into Palatine more than any other metro followed by New York and Springfield.
Where are people moving to Palatine from?
- 84% of Palatine homebuyers searched to stay within the Palatine metropolitan area.
- Cape Coral was the most popular destination among Palatine homebuyers followed by Phoenix and Sarasota.
Where are people from Palatine moving to?
Number of People Moving to Palatine
least
most
People are moving to Palatine from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Jan '25 - Mar '25 | ||
| 1 | 1,083 | ||
| 2 | 865 | ||
| 3 | 752 | ||
| 4 | 732 | ||
| 5 | 646 | ||
| 6 | 519 | ||
| 7 | 360 | ||
| 8 | 337 | ||
| 9 | 270 | ||
| 10 | 254 | ||
People are leaving Palatine for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Jan '25 - Mar '25 | ||
| 1 | 2,072 | ||
| 2 | 1,350 | ||
| 3 | 1,165 | ||
| 4 | 1,083 | ||
| 5 | 1,023 | ||
| 6 | 997 | ||
| 7 | 995 | ||
| 8 | 968 | ||
| 9 | 909 | ||
| 10 | 778 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Palatine.
Provided by First Street Foundation
Transportation in Palatine
Learn about the walkability, bikeability, and transit-friendliness of Palatine
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