Palatine Real Estate Market Update November 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 6.23 months supply of inventory on the market in Palatine on November 30, 2018.
Now is the Time to Sell!
The average market time for a Single Family Homes to sell in Palatine last month was 53 days.
It took on average 29 days to sell Palatine Condo, Townhouse or a Duplex.
The number of home sales in Palatine from October 1, 2018 through October 31, 2018 was 96 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 $120/Sq.Ft, which is 0% an increase from last month.
In Palatine there were 26 units sold in October in the price range between $70,000 – $159,806 with an average of 1.7 bedrooms and 1.3 bathrooms and average Square footage of 1,023SF.
In Palatine there were 61 units sold in October in the price range between $159,807 – $442,305 with an average of 2.9 bedrooms and 1.8 bathrooms and average Square footage of 1,741SF.
In Palatine there were 9 units sold in October in the price range between $442,306 – $635,000 with an average of 4.3 bedrooms and 2.3 bathrooms and average Square footage of 2,994SF.
The low price range had the most activity. Homes up to $159,806 were on the market on average 28 days and sold an average of $114,288.
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-November-2018/
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