Palatine, Illinois Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demand Fundamentals
Palatine, Illinois
6 ZIPs in this city:
60038
60055
60067
60074
60078
60095
Market Hotness
84
Hotness Rank
--
Hotness Score
84
Supply Score
97
Demand Score
70
DOM vs US
-30.4%
Faster
Price vs US
89%
Below avg
Median Listing Price
$398K
Population
74,664
Households
2,276,493
Median Days on Market
22
Active Listings
118
New Listings
116
Housing Market
Pricing
Median Listing Price
$398K
-9.0% YoY
Average Listing Price
$547K
+7.9% YoY
Price per Sq Ft
$239.619
-0.3% YoY
Median Sq Ft
1,659
-4.6% YoY
Inventory
Active Listings
118
+0.9% YoY
New Listings
116
-9.4% YoY
Total Listings
249
-2.4% YoY
Buyer Competition
Pending Listings
131
-4.4% YoY
Pending Ratio
1.11
-5.3% YoY
Median Days on Market
22
+1.9% YoY
Price Reduced
8.0%
-12.4% YoY
FY2026 Fair Market Rent — Cook County
HUD government estimate (40th percentile) — not actual market asking rent.
Studio
$1,480
/month
1 BR
$1,581
/month
2 BR
$1,781
/month
3 BR
$2,294
/month
4 BR
$2,653
/month
FMR Trends — Cook County
Source: HUD Fair Market Rents
Demand Fundamentals
Median Age
38.0
2024
Population
Total Population
74,664
+0.3% YoY
Cook County Population
5,182,617
+0.8% YoY
Households
Total Housing Units
2,276,493
+0.3% YoY
Age
2024 Age Mix
5.2M
residents
Under 18
1,092,202
21.1%
Adults 18–64
3,262,732
63.0%
65 & Over
827,156
16.0%
Age Composition Over Time
2017–2024
Population Under 18
1,092,202
-1.7% YoY
Population 65 & Over
827,156
+2.6% YoY
Median Age
38.00
+0.5% YoY
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