$701 Closing Credit*
$59,000
672 SqFt
2 Beds
•1 Full Bath
Rahmel Dobbs, Listing Office: Realty One Group Key
Is Palatine, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Palatine was a Seller's Market.
Key Takeaway
Palatine is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Palatine, NY
How much do homes in Palatine, NY cost?
Median Sold Price
$219,500
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$86,000(+64.4%)
Key Takeaway
Homes in Palatine have sold for 64.4% more than they did a year ago.
Summary: The median home sold price in Palatine was $219,500 in August 2024, up 64.4% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $90K | N/A |
| 2 Bedrooms | $148.2K | $157K | +5.9% |
| 3 Bedrooms | $133.5K | $242.4K | +81.6% |
| 4 Bedrooms | $149.3K | $398K | +166.6% |
| 5+ Bedrooms | $70K | $76.5K | +9.3% |
Summary: Palatine housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 81.6%, 4 bedroom homes increased by 166.6%, and 5+ bedroom homes increased by 9.3%.
Median Sold Price Compared To Nearby Cities
| Palatine | $133.5K | $219.5K | +64.4% |
| Saint Johnsville | $87.5K | $112.5K | +28.6% |
Housing Supply in Palatine, NY
How many homes are available in Palatine, NY?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Summary: The Palatine real estate market had 7 homes for sale in August 2024, a 36.4% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 3 | 1 | -66.7% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Palatine housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 66.7%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palatine, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Palatine in August 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Palatine, NY
We’re sorry, we don't have information for this market at the moment
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palatine are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 1 homes were sold in Palatine; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.