Palatine, IL 60074 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demand Fundamentals
Palatine, IL — 60074
Market Hotness
78
Hotness Rank
#2,276
Hotness Score
78
Supply Score
97
Demand Score
59
DOM vs US
-29.8%
Faster
Price vs US
65%
Below avg
Median Listing Price
$280K
Population
36,460
Households
2,276,493
Median Days on Market
23
Active Listings
49
New Listings
46
Housing Market
Pricing
Median Listing Price
$280K
-25.4% YoY
Average Listing Price
$437K
+5.6% YoY
Price per Sq Ft
$225
-1.9% YoY
Median Sq Ft
1,322
-7.8% YoY
Inventory
Active Listings
49
+5.4% YoY
New Listings
46
-20.7% YoY
Total Listings
94
-8.8% YoY
Buyer Competition
Pending Listings
48
-15.0% YoY
Pending Ratio
0.98
-23.5% YoY
Median Days on Market
23
+5.7% YoY
Price Reduced
8.7%
-3.0% 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
ZIP Population
36,460
+0.5% 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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