Palatine Real Estate Market Update May 2018
Real Estate In Palatine is a balanced market favoring buyers. There is significant amount of homes for sale in Palatine, and buyers are not in a rush to buy yet. There is a 6.37 months supply of inventory on the market in Palatine on May 31, 2018.
Now is the Time to Sell!
The average market time for a Single Family Homes to sell in Palatine last month was 41 days.
It took on average 38 days to sell Palatine Condo, Townhouse or a Duplex.
The number of home sales in Palatine from April 1, 2018 through April 30, 2018 was 117 units. That is 1% above the number of homes sold last month in Palatine.
The average price per square foot in the area is now $131/Sq.Ft, which is 4% a decline from last month.
In Palatine there were 34 units sold in April in the price range between $72,000 – $178,266 with an average of 2 bedrooms and 1.5 bathrooms and average Square footage of 1,114SF.
In Palatine there were 64 units sold in April in the price range between $178,267 – $447,890 with an average of 3.2 bedrooms and 2.2 bathrooms and average Square footage of 1,881SF.
In Palatine there were 19 units sold in April in the price range between $447,891 – $611,250 with an average of 4.3 bedrooms and 2.7 bathrooms and average Square footage of 3,113SF.
The low price range had the most activity. Homes up to $178,266 were on the market on average 26 days and sold an average of $131,608.
If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Palatine. Search all Palatine homes for Sale on propertyup.com If you are considering viewing Palatine, you may want to do so now!
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source http://realestatevibe.com/palatine-real-estate-market-update-May-2018/
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