Updated: August 20, 2026
Palatine homes sold at a median of $370,000 over the past year, but almost nobody bought that house. Detached homes sold at a median of $517,250 and condos and townhomes at $275,000. Palatine sells more attached homes than detached ones, which is why the blended number sits so low.
Key Takeaways
- 930 homes closed in Palatine between August 20, 2025 and August 20, 2026. Detached homes sold at a median of $517,250, condos and townhomes at $275,000 (ConnectMLS).
- Palatine is an attached-housing town. 528 of the 924 residential sales were condos and townhomes. That is unusual for the Northwest Suburbs and it is why the village-wide median of $370,000 is misleading.
- The median tax bill was $9,083 on a house and $4,451 on a condo or townhome, about 1.79% and 1.76% of sale price.
- The two ZIP codes look like different markets. Houses sold at a median of $599,000 in 60067 and $475,000 in 60074. Almost all of that gap is house size, not location premium.
- Homes sell fast. Detached went under contract in a median of 9 days, with 48% selling above asking. Attached took 11 days.
- 218 of 528 condos and townhomes sold under $250,000, and 116 sold under $200,000.
- 113 homes were listed for sale as of this update.
What is the Palatine housing market like right now?
Active and tight. Half of the houses that sold went under contract within 9 days, 65% sold at or above the asking price, and 48% sold above it. Condos and townhomes moved nearly as fast at 11 days.
There were 113 homes on the market as of this update: 62 houses and 51 condos and townhomes. Against roughly 930 sales a year, that is a little over six weeks of supply.
Houses | Condos and townhomes | |
|---|---|---|
Sales, past 12 months | 396 | 528 |
Median price | $517,250 | $275,000 |
Middle half of sales | $429,250 to $675,000 | $208,725 to $350,833 |
Median price per square foot | $265 | $218 |
Median tax bill | $9,083 | $4,451 |
Median monthly assessment | n/a | $350 |
Median days to contract | 9 | 11 |
Sold at or above asking | 65% | 55% |
Median build year | 1967 | 1987 |
Source: ConnectMLS, Palatine closed sales, August 20, 2025 through August 20, 2026.
Why the village median describes almost nobody
The blended Palatine median is $370,000. Very few people bought a $370,000 home.
That number is low because Palatine sells more attached housing than detached. Of 924 residential sales in the past year, 528 were condos and townhomes and 396 were houses. Most Northwest Suburbs run the other way. Arlington Heights, for comparison, sold 556 houses against 369 attached homes over the same period.
So the village median is not describing a typical Palatine house. It is describing the midpoint of a market where the majority of transactions are condos and townhomes, which drags the blended figure well below what any house actually costs.
If you are selling a house here, the number that matters is $517,250. If you are selling a condo or townhome, it is $275,000. The $370,000 figure is an artifact of the mix.
This is also why Palatine looks cheaper than its neighbors in any list that ranks towns by a single median. It is not that houses cost less. It is that Palatine has more attached housing to sell.
What do the two Palatine ZIP codes show?
Palatine spans 60067 and 60074, and the headline numbers look like two different towns:
60067 | 60074 | |
|---|---|---|
Sales | 506 | 423 |
House median price | $599,000 | $475,000 |
House median tax bill | $10,308 | $8,324 |
House median square feet | 2,320 | 1,857 |
House median build year | 1970 | 1965 |
House price per square foot | $266 | $261 |
Attached median price | $321,450 | $240,000 |
Attached median tax bill | $5,735 | $3,725 |
Attached median square feet | 1,389 | 1,200 |
Attached median build year | 1992 | 1981 |
Source: ConnectMLS, Palatine closed sales, August 20, 2025 through August 20, 2026.
Look at the price per square foot line. Houses in 60067 sold at $266 per square foot and houses in 60074 at $261. That is a difference of under 2%.
The $124,000 gap in house prices is almost entirely size. The median house that sold in 60067 was 2,320 square feet. In 60074 it was 1,857. You are not paying a premium for the ZIP code; you are buying about 460 more square feet.
Attached housing shows a wider real gap. Condos and townhomes in 60067 sold at $227 per square foot against $205 in 60074, and they were both larger and about eleven years newer on average. Some of that is a genuine difference in the product, not just its size.
One number worth flagging for buyers: attached tax bills run 1.84% of sale price in 60067 against 1.68% in 60074. On a $300,000 condo that is roughly a $480 annual difference before you account for exemptions.
None of this makes one ZIP code a better place to live than the other. It tells you where the larger houses are and what they cost per foot, which is what you need to compare listings honestly.
What does your money buy in Palatine?
Here is what houses in each price range actually delivered:
Price range | Houses sold | Median square feet | Median bedrooms | Median build year | Median tax bill |
|---|---|---|---|---|---|
Under $425,000 | 93 | 1,248 | 3 | 1956 | $7,105 |
$425,000 to $550,000 | 129 | 1,855 | 3 | 1966 | $8,592 |
$550,000 to $700,000 | 79 | 2,464 | 4 | 1969 | $10,339 |
Over $700,000 | 95 | 3,192 | 4 | 1989 | $14,105 |
Source: ConnectMLS, Palatine closed sales, August 20, 2025 through August 20, 2026.
Two things stand out.
The top band is a different kind of house. Everything under $700,000 is mid-1950s to late-1960s construction. Above $700,000 the median build year jumps to 1989, and square footage jumps to 3,192. That band is where Palatine's newer subdivisions and rebuilds live, and 95 homes sold there, which is a real segment rather than a handful of outliers.
The ranch is the default house here. Of the detached homes that sold, 89 were ranches, more than any other style, followed by 41 colonials and 23 tri-levels. If single-level living is on your list, Palatine has more of it than most towns nearby.
Condos and townhomes by size
Unit size | Units sold | Median price | Median tax bill | Median assessment | Median days to contract |
|---|---|---|---|---|---|
1 bedroom | 80 | $171,500 | $2,861 | $294 | 9 |
2 bedroom | 319 | $265,000 | $4,351 | $375 | 14 |
3 bedroom | 119 | $350,000 | $6,283 | $343 | 9 |
218 of the 528 attached homes sold under $250,000, and 116 sold under $200,000. That is the most accessible entry point of any town I track closely in the Northwest Suburbs.
Are prices going up in Palatine?
Yes for houses, and less clearly for condos and townhomes.
Quarter closed | Houses sold | House median | Attached sold | Attached median | Median days on market |
|---|---|---|---|---|---|
Q3 2025 | 54 | $480,000 | 78 | $240,000 | 11 |
Q4 2025 | 85 | $495,000 | 114 | $276,500 | 16 |
Q1 2026 | 62 | $542,500 | 100 | $260,500 | 14 |
Q2 2026 | 122 | $522,500 | 141 | $291,000 | 7 |
Q3 2026 (partial) | 73 | $575,000 | 95 | $270,000 | 9 |
Source: ConnectMLS, Palatine closed sales. Q3 2026 covers July 1 through August 20 only and will change once the quarter closes.
House medians have moved from $480,000 to $575,000 across five quarters. Treat the Q3 figure carefully, since a partial quarter with 73 sales is easily moved by a handful of large transactions, but the direction across the full run is consistent.
Attached medians have bounced between $240,000 and $291,000 without a clear trend. That is normal for a segment where a one-bedroom and a three-bedroom townhome are both in the same median.
Market time tells the clearer story. The median went from 16 days in Q4 2025 to 7 in Q2 2026. Homes are moving faster than they were a year ago.
How much are property taxes in Palatine?
The median tax bill was $9,083 on a house and $4,451 on a condo or townhome, about 1.79% and 1.76% of sale price.
That rate is worth noticing if you are comparing towns. Over the same period, the equivalent figure ran about 1.64% in Arlington Heights and 1.68% in Mount Prospect. On a $500,000 house, the difference between 1.68% and 1.79% is roughly $550 a year.
Your own bill depends on the assessed value, the exemptions applied to that specific property, and the combination of taxing bodies at that address. The Cook County Homeowner Exemption reduces equalized assessed value by $10,000, with the dollar savings depending on the local rate (Cook County Assessor).
The seller's bill is not your bill. A longtime owner with homeowner and senior exemptions applied is paying a number that has little to do with what you will pay.
Palatine sits in Cook County's north and northwest suburbs, which were reassessed in 2025 (Cook County Assessor). Those values flow into current bills, so ask whether the figure on a listing sheet predates the reassessment.
Before you make an offer, pull the actual bill, the assessed value, and the exemptions currently applied. I walk through how to read one in my guide to how property taxes work in Cook County, and the fuller monthly picture is in cost of living in Palatine.
What this means if you are buying in Palatine
Be ready before you tour. Half of houses went under contract in 9 days and 48% sold above asking. A search that starts without a current pre-approval and a clear monthly ceiling will be frustrating.
Price the whole payment, not the purchase price. On a median house, taxes alone are about $757 a month before principal, interest, insurance, or maintenance. On a median condo, taxes and the assessment together run about $663.
Compare per square foot, not per listing. The ZIP data shows why: two houses $124,000 apart can be the same price per foot, with the difference entirely in size. If you are weighing a smaller house against a larger one across town, the per-foot number tells you which is actually the better buy.
Budget for the age. Everything under $700,000 is mostly 1950s and 1960s construction. The inspection matters more here than in a town built in the 1990s.
If your budget is under $250,000, Palatine has more genuinely available inventory in that range than most of its neighbors: 218 attached sales closed there in the past year.
What this means if you are selling in Palatine
Your comps depend on which market you are in. A house and a townhome in Palatine are two different markets that happen to share a village name. Do not let anyone price your house off a village-wide median.
Condition and size drive your number more than location does. The per-square-foot figures across the two ZIP codes are within 2% of each other for houses. What separates a $475,000 sale from a $599,000 sale is mostly square footage.
Speed cuts both ways. A 9-day median means a well-prepared listing moves quickly. It also means a listing that sits three weeks reads as a problem to buyers who are used to this pace. Pricing correctly at launch matters more in a fast market, not less.
If you own a condo or townhome, you are selling into the deepest part of this market. 528 attached sales closed in the past year, and 55% sold at or above asking.
For a fuller picture of the village beyond the numbers, see the complete guide to living in Palatine, the Palatine neighborhood guide, or the pros and cons of living in Palatine.
Frequently Asked Questions
What is the median home price in Palatine, IL?
Houses sold at a median of $517,250 and condos and townhomes at $275,000 over the 12 months ending August 20, 2026, across 930 closed sales. The blended village median of $370,000 is misleading because most Palatine sales are attached homes (ConnectMLS).
How fast do homes sell in Palatine?
Fast. Houses went under contract in a median of 9 days, with 65% selling at or above asking and 48% above it. Condos and townhomes took 11 days. Median market time has dropped from 16 days in late 2025 to single digits this year.
What is the median property tax bill in Palatine?
About $9,083 a year on a house and $4,451 on a condo or townhome, roughly 1.79% and 1.76% of sale price. That is higher than Arlington Heights at about 1.64% and Mount Prospect at 1.68%. Exemptions change individual bills significantly.
Why are Palatine home prices so different between 60067 and 60074?
Mostly house size. Houses in 60067 sold at a median of $599,000 against $475,000 in 60074, but the price per square foot was nearly identical at $266 and $261. The median house in 60067 was about 460 square feet larger.
Is Palatine cheaper than nearby suburbs?
On houses, only modestly. Palatine's median house sold at $517,250 against $588,687 in Arlington Heights and $511,000 in Mount Prospect. The village looks cheaper in town rankings mainly because it sells more condos and townhomes, which pulls its blended median down.
What can you buy in Palatine under $250,000?
Mostly condos and townhomes. 218 of the 528 attached homes that sold in the past year closed under $250,000, and 116 sold under $200,000. One-bedroom units had a median price of $171,500 with a median assessment of $294 a month.
About the data: Figures come from 930 MLS closed sales in Palatine between August 20, 2025 and August 20, 2026, excluding records under $50,000. Medians are reported separately for detached and attached homes because blending them produces a number that describes neither, and are shown only where at least eight sales of that type closed in the group. Quarterly figures for Q3 2026 cover July 1 through August 20 only. Tax figures reflect the most recent bill recorded at the time of sale and do not account for exemptions a new owner may or may not qualify for. Comparisons to Arlington Heights and Mount Prospect use the same trailing twelve-month window. This page is updated quarterly.
Equal Housing Opportunity. Mari and the Dragonfly Home Team conduct business in accordance with the federal Fair Housing Act and the Illinois Human Rights Act. This article is general information about a local housing market and is not legal, tax, or financial advice. Market data reflects a specific period and will change. Please talk with your own attorney, tax professional, or lender about your situation.
