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PALATINE, IL 60074

Real Estate Market Report  ·  Cook County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
61
⇧ 5.2% vs 58 last year
Pending
29
48% pending ratio
Median Price
$265,000
⇩ 2.8% vs $272,500 last year
Average Price
$423,476
⇧ 10.1% vs $384,526 last year
Days on Market
41
⇩ 28.1% vs 57 days last year

Market Context

Population: 37,222  ·  Density: 2,023.3/mi²  ·  Median household income: $78,287

Typical home value: $286,542  ·  Homeownership: 62.0%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The PALATINE, IL real estate market (60074) currently shows 61 active listings, with 29 pending sales. Homes are averaging 41 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are selling faster, averaging 41 days on market compared to 57 days last year.

The median listing price has fallen 2.8% year-over-year, from $272,500 to $265,000.

Whether you are buying or selling in PALATINE, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 61 this year vs 58 last year
  • Days on market: 41 now vs 57 last year

Median & Average Pricing

Year over Year
  • Median: $265,000 (-2.8% YoY)
  • Average: $423,476 (+10.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 9.5 miles — 819 listings ($426,428,293 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60074Palatine, IL 600740.0 mi61$25,832,036$265,000$423,476
60004Arlington Heights, IL 600042.8 mi56$39,411,960$574,950$703,785
60089Buffalo Grove, IL 600894.2 mi61$24,791,559$379,000$406,419
60047Lake Zurich, IL 600474.9 mi112$97,679,008$836,450$872,134
60090Wheeling, IL 600905.3 mi80$24,952,800$299,000$311,910
60195Schaumburg, IL 601955.5 mi3$658,500$219,500$219,500
60056Mount Prospect, IL 600566.5 mi59$27,857,735$450,000$472,165
60169Hoffman Estates, IL 601697.2 mi70$24,002,650$330,000$342,895
60061Vernon Hills, IL 600617.8 mi63$35,273,889$475,000$559,903
60007Elk Grove Village, IL 600078.2 mi60$24,008,040$359,000$400,134
60192Hoffman Estates, IL 601928.3 mi23$13,073,292$477,500$568,404
60193Schaumburg, IL 601939.0 mi94$39,483,008$300,000$420,032
60060Mundelein, IL 600609.5 mi77$49,403,816$459,995$641,608

Frequently Asked Questions

How many homes are for sale in PALATINE, IL 60074?

As of January 2026, there are 61 active listings in PALATINE, IL (zip code 60074), compared to 58 the prior year.

What is the median home price in PALATINE, IL 60074?

The median listing price in PALATINE, IL 60074 is $265,000 as of January 2026, a 2.8% decrease from $272,500 the prior year.

How long do homes stay on the market in PALATINE, IL?

Homes in PALATINE, IL 60074 spend an average of 41 days on the market before going under contract, compared to 57 days the prior year.

Is it a seller's or buyer's market in PALATINE, IL 60074?

Based on current inventory and days-on-market data as of January 2026, PALATINE, IL 60074 is currently a Balanced Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are selling faster, averaging 41 days on market compared to 57 days last year.

How much can I save on real estate commission in PALATINE, IL?

With SELL123.com's maximum 3% commission, sellers in PALATINE, IL 60074 save an estimated $5,300 compared to a typical 5% commission on the median listing price of $265,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.