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Saturday, February 22, 2020

Q3 real estate sales report: Palatine

Real Estate

By Local Labs News Service | Feb 9, 2019

Re 5

Median prices declined in Palatine over last year, and are down 27.9 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 412 homes sold in Palatine for a median price of $215,000. That's 18.9 percent lower than median home sale prices for the third quarter of 2017.

In the third quarter, 11 homes in Palatine were in foreclosure.

Median property tax for homeowners in Palatine was $6,528.13 in 2017 according to tax data from that year. That means homeowners pay 2.5 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

Palatine real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
274
$298,350
-
2010
171
$267,900
-10.2%
2011
218
$164,415
-38.6%
2012
308
$195,383
18.8%
2013
397
$237,600
21.6%
2014
330
$240,620
1.3%
2015
397
$259,700
7.9%
2016
459
$270,375
4.1%
2017
431
$265,200
-1.9%
2018
412
$215,000
-18.9%

Median property tax
Median sale price
Effective property tax rate
2009
$6,381.30
$298,350
2.1%
2010
$6,009.27
$267,900
2.2%
2011
$4,502.02
$164,415
2.7%
2012
$5,483.73
$195,383
2.8%
2013
$5,805.25
$237,600
2.4%
2014
$5,665.09
$240,620
2.4%
2015
$6,084.71
$259,700
2.3%
2016
$6,511.79
$270,375
2.4%
2017
$6,528.12
$265,200
2.5%

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