Real Estate Market Update for 60067 (Palatine, IL)

Video: Real Estate Community Tour for 60067 (Palatine, IL)

See Real estate community tour for 60067 (Palatine, IL)
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 3% from one year earlier, and down 3% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 450-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 2%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 290-thousand dollars. The number of units sold decreased 11% year-over-year, and increased 17% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 60067 (Palatine, IL)
Area Information for 60067 (Palatine, IL)
  • Population: 38,614
  • Median Age: 40.34 yr
  • Median Commute Time: 24.07 mins
  • Educational Climate*: 5
  • Sales Tax: 8%
  • Population Density: 2,814/sq mi
  • Population Change Since 2000: 5.44%
  • Closest Airport: Chicago O'hare International
  • Closest College: The Illinois Institute Of Art-schaumburg
  • Closest Jr. College: Wm Rainey Harper College
  • Median Household Income: $89,613
  • Annual Residential Turnover: 19.7%
  • Median Years in Residence: 3.34 yr
  • Median Home Sales Price: $247,000
  • Closest Major Sports Team: Cubs
  • Change Avg. Household Income Since 2000: 21%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 60067 (Palatine, IL)
Median Age: 40.34 Married: 40% Number of Households: 15,945 Households with Children: 5,024
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 60067 (Palatine, IL)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Stuart R Paddock School 0.3 mi Public K-6 4-5 4
      Immanuel Lutheran School 0.7 mi Private PRESCHOOL-8 0 5
      Kirk School 0.8 mi Public UNGRADE-UNGRADE 0 4
      Gray M Sanborn Elementary School 0.9 mi Public K-6 3 4
      Pleasant Hill Elementary School 0.9 mi Public K-6 5 5
      Marion Jordan Elementary School 0.9 mi Public K-6 5 5
      St Theresa School 1.0 mi Catholic PRESCHOOL-8 0 5
      Quest Academy 1.0 mi Private PRESCHOOL-8 0 0
      Wm Fremd High School 1.2 mi Public 9-12 5 4
      Hunting Ridge Elementary School 1.3 mi Public K-6 5 4
      District 211 Academy - North 1.4 mi Public 9-12 0 1
      Walter R Sundling Jr High School 1.6 mi Public 7-8 4-5 4
      Lincoln Elementary School 1.7 mi Public K-6 3-5 4
      Little City Foundation 2.4 mi Private - 0 0
      Holy Family Catholic Academy 2.6 mi Catholic PRESCHOOL-8 0 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for 60067 (Palatine, IL)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.