Housing Market Report for Palatine, IL

This housing market report uses absorption rates to track supply and demand for Palatine, IL. With 1.6 months of inventory across all segments, conditions currently favor sellers — demand is outpacing supply, homes tend to sell quickly, and prices are likely holding firm or rising. Use the tables below to explore specific price ranges and property types in detail. [Last updated: November 15, 2026]

Seller's Market
Under 3 months

High demand, low inventory. Homes sell fast, often above asking price. Sellers hold leverage.

Balanced Market
3 – 6 months

Supply and demand are roughly equal. Prices are stable and negotiations are more equitable.

Buyer's Market
Over 6 months

More supply than demand. Buyers can negotiate, request concessions, and take their time.

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Houses

Hottest Segment 🔥
$425k – $450k

Absorption rate of 3.8, with 0.3 months of inventory.

Coolest Segment ❄️
$650k – $700k

With 4 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$425k – $450k

1 active listings with 23 sold in the last 6 months.

Market Overview
All Segments

The overall market favors sellers with just 1.3 months of inventory.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
175k-200k 1 0.2 0 Seller's
225k-250k 1 1 0.2 0 Seller's
275k-300k 2 0.3 0 Seller's
300k-325k 3 0.5 0 Seller's
325k-350k 2 5 1 0.4 2.4 Seller's
350k-375k 1 15 2.5 0.4 Seller's
375k-400k 4 15 1 0.6 1.6 Seller's
400k-425k 1 20 3 3.3 0.3 Seller's
425k-450k 1 23 4 3.8 0.3 Seller's
450k-475k 1 16 3 2.7 0.4 Seller's
475k-500k 1 15 2 2.5 0.4 Seller's
500k-550k 3 16 2 0.9 1.1 Seller's
550k-600k 5 15 0.5 2 Seller's
600k-650k 4 17 1 0.7 1.4 Seller's
650k-700k 4 6 1 0.3 4 Balanced
700k-750k 2 9 0.8 1.3 Seller's
750k-800k 4 11 0.5 2.2 Seller's
800k-850k 8 1 1.3 0 Seller's
850k-900k 3 6 0.3 3 Balanced
900k-950k 1 4 0.7 1.5 Seller's
950k-1m 1 2 1 0.3 3 Balanced
1m-1.1m 1 4 0.7 1.5 Seller's
1.1m-1.2m 1 0.2 0 Seller's
1.2m-1.3m 6 0
1.3m-1.4m 1 4 1 0.7 1.5 Seller's
1.4m-1.5m 2 0
1.9m-2m 1 0

Townhouses

Hottest Segment 🔥
$350k – $375k

Absorption rate of 1.8, with 0.5 months of inventory.

Coolest Segment ❄️
$600k – $650k

With 6 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$300k – $325k

3 active listings with 13 sold in the last 6 months.

Market Overview
All Segments

The overall market favors sellers with just 1.3 months of inventory.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
200k-225k 1 1 0.2 0 Seller's
225k-250k 3 1 0.5 0 Seller's
250k-275k 4 0.7 0 Seller's
275k-300k 3 8 0.4 2.3 Seller's
300k-325k 3 13 1 0.7 1.4 Seller's
325k-350k 3 8 1 0.4 2.3 Seller's
350k-375k 1 11 2 1.8 0.5 Seller's
375k-400k 2 12 1 1 Seller's
400k-425k 3 4 0.2 4.5 Balanced
425k-450k 8 1.3 0 Seller's
450k-475k 6 1 1 0 Seller's
475k-500k 2 7 0.6 1.7 Seller's
500k-550k 6 1 1 0 Seller's
600k-650k 1 1 0.2 6 Balanced
650k-700k 2 3 1 0.3 4 Balanced
750k-800k 1 0.2 0 Seller's

Condos

Hottest Segment 🔥
$225k – $250k

Absorption rate of 1, with 1 months of inventory.

Coolest Segment ❄️
$325k – $350k

With 6 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$150k – $175k

8 active listings with 24 sold in the last 6 months.

Market Overview
All Segments

The overall market favors sellers with just 1.8 months of inventory.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
100k-125k 1 0.2 0 Seller's
125k-150k 2 11 2 0.9 1.1 Seller's
150k-175k 8 24 4 0.5 2 Seller's
175k-200k 10 20 2 0.3 3 Balanced
200k-225k 5 15 2 0.5 2 Seller's
225k-250k 4 24 4 1 1 Seller's
250k-275k 8 17 1 0.4 2.8 Seller's
275k-300k 5 14 2 0.5 2.1 Seller's
300k-325k 11 1 1.8 0 Seller's
325k-350k 3 3 0.2 6 Balanced
350k-375k 2 0.3 0 Seller's
375k-400k 3 1 0.5 0 Seller's
400k-425k 1 0.2 0 Seller's
450k-475k 1 0.2 0 Seller's

Land

Hottest Segment 🔥
$100k – $125k

Absorption rate of 0.3, with 3 months of inventory.

Coolest Segment ❄️
$125k – $150k

With 6 months of inventory, buyers have more time and negotiating power in this range.

Most Active
$100k – $125k

1 active listings with 2 sold in the last 6 months.

Market Overview
All Segments

With 22 months of inventory overall, buyers currently hold the advantage.

List Price Available # of Homes Available Sold Last
6 Months
Sold in Last 6 Months
Under
Contract
Sold in Last 6 Months
Absorption
Rate
Absorption Rate
Months of
Inventory
Months of Inventory
Market
-25,000-0 1 0
100k-125k 1 2 0.3 3 Balanced
125k-150k 1 1 0.2 6 Balanced
150k-175k 1 0
225k-250k 1 0
275k-300k 2 0
300k-325k 1 0
375k-400k 1 0
475k-500k 1 0
550k-600k 1 0

Neighboring Cities

View cities near Palatine