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Cheap Homes in Palatine, IL

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Palatine, IL Foreclosures

How much do homes sell for in Palatine, IL?
The average home price is currently $430,379.
In Palatine, IL, how many homes are available?
There are currently 690 active home listings available in Palatine.
What’s the average rental cost in Palatine, IL?
The average rental price in Palatine is $1,900.
What is the most expensive home in Palatine?
The most expensive home sold in Palatine had a price of $175,712,208.
What is currently the cheapest priced home in Palatine, IL?
The cheapest home for sale in Palatine is priced at $10,471.

Living in Palatine, IL

Palatine, IL, is a charming suburban community located northwest of Chicago that offers a blend of urban convenience and suburban comfort. It features excellent schools, abundant park space, and a vibrant local economy. Residents here enjoy easy access to public transportation and major roadways, making commuting simple while enjoying a strong sense of community.

Current Market Conditions in Palatine, IL

The real estate market in Palatine is currently stable, with steady demand for homes in the area. As the Chicago metropolitan area continues to grow, more families are looking toward suburban locations like Palatine for their next move. Housing prices have seen a gradual increase over the past year as buyers compete for homes in this desirable neighborhood.

Home Value Estimator For Palatine, IL

There are currently 27,418 real estate properties in Palatine, IL, with a median automated valuation model (AVM) price of $390,261.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Palatine, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Palatine, IL, is $430,379.00, with the most expensive house in Palatine, IL, topping out at $175,712,208.00 and the cheapest home in Palatine, IL, clocking in at $10,471.00. In other words, there’s something for every potential homebuyer or savvy investor in Palatine, IL!

Rent Prices In Palatine, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Palatine, IL, is on a rollercoaster ride. The average rent price in Palatine, IL, is $1,900.00. Indeed, when looking to rent in Palatine, IL, you can expect to pay as little as $570.00 or as much as $4,470.00, with the average rent median estimated to be $1,850.00. The good news is that finding an affordable and desirable property to rent in Palatine, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Cheap Homes in Palatine, IL

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