Is Palatine, IL 60078 a buyer’s or seller’s market?
Palatine is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Palatine housing market right now
In the three months ending August 31, 2026, 67% of homes in Palatine, IL 60078 sold above their list price and the typical home went under contract in 60 days. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 50%, homes sold more slowly (49 days then) and the median sale price fell 12% to $389,831. Overall, Palatine is more competitive than a year ago, so tougher for buyers.
Run the numbers for 60078
Where Palatine is
Loading map…
Questions about Palatine real estate
How fast do homes sell in Palatine?
The typical home went under contract in 60 days in the latest three months.
Do homes in Palatine sell over asking?
67% of homes sold above their original list price, and the typical sale closed at 101.6% of the list price.
What is the median home price in Palatine?
The median sale price was $389,831 in the three months ending August 31, 2026, about $246 per square foot.
Local agents
See all agents in 60078 →No sponsored agents in 60078 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 60078
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology