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Cherrybrook Village Country Club Estates Heatherlea Pepper Tree Prestonfield Rand and Dundee Staples Corner

PALATINE, IL 60074

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 60074

Cherrybrook Village · Country Club Estates · Heatherlea · Pepper Tree · Prestonfield · Rand and Dundee · Staples Corner

Market Analysis

Data as of February 2026. Source: Realtor.com.

The PALATINE, IL real estate market (60074) currently shows 67 active listings, with 38 pending sales. Homes are averaging 25 days on the market before going under contract.

Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice.

Homes are selling faster, averaging 25 days on market compared to 31 days last year.

The median listing price has risen 6.9% year-over-year, from $277,750 to $296,975.

Whether you are buying or selling in PALATINE, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 37,222  ·  Density: 2,023.3/mi²  ·  Median household income: $78,287

Typical home value: $286,542  ·  Homeownership: 62.0%

Market Overview

Active Listings
67
⇧ 11.7% vs 60 last year
Pending
38
57% pending ratio
Median Price
$296,975
⇧ 6.9% vs $277,750 last year
Average Price
$442,761
⇧ 15.6% vs $383,039 last year
Days on Market
25
⇩ 19.4% vs 31 days last year

Price Per Square Foot

Median $/sqft
$225
⇧ 2.3% vs $220/sqft last year
Median Home Size
1,404 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 67 this year vs 60 last year
  • Days on market: 25 now vs 31 last year

Median & Average Pricing

Year over Year
  • Median: $296,975 (+6.9% YoY)
  • Average: $442,761 (+15.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 9.5 miles — 819 listings ($426,428,293 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60074Palatine, IL 600740.0 mi61$25,832,036$265,000$423,476
60004Arlington Heights, IL 600042.8 mi56$39,411,960$574,950$703,785
60089Buffalo Grove, IL 600894.2 mi61$24,791,559$379,000$406,419
60047Lake Zurich, IL 600474.9 mi112$97,679,008$836,450$872,134
60090Wheeling, IL 600905.3 mi80$24,952,800$299,000$311,910
60195Schaumburg, IL 601955.5 mi3$658,500$219,500$219,500
60056Mount Prospect, IL 600566.5 mi59$27,857,735$450,000$472,165
60169Hoffman Estates, IL 601697.2 mi70$24,002,650$330,000$342,895
60061Vernon Hills, IL 600617.8 mi63$35,273,889$475,000$559,903
60007Elk Grove Village, IL 600078.2 mi60$24,008,040$359,000$400,134
60192Hoffman Estates, IL 601928.3 mi23$13,073,292$477,500$568,404
60193Schaumburg, IL 601939.0 mi94$39,483,008$300,000$420,032
60060Mundelein, IL 600609.5 mi77$49,403,816$459,995$641,608

Frequently Asked Questions

How many homes are for sale in PALATINE, IL 60074?

As of February 2026, there are 67 active listings in PALATINE, IL (zip code 60074), compared to 60 the prior year.

What is the median home price in PALATINE, IL 60074?

The median listing price in PALATINE, IL 60074 is $296,975 as of February 2026, a 6.9% increase from $277,750 the prior year.

How long do homes stay on the market in PALATINE, IL?

Homes in PALATINE, IL 60074 spend an average of 25 days on the market before going under contract, compared to 31 days the prior year.

Is it a seller's or buyer's market in PALATINE, IL 60074?

Based on current inventory and days-on-market data as of February 2026, PALATINE, IL 60074 is currently a Balanced Market. Inventory has increased compared to last year, with 7 more homes available — giving buyers more choice. Homes are selling faster, averaging 25 days on market compared to 31 days last year.

How much can I save on real estate commission in PALATINE, IL?

With SELL123.com's maximum 3% commission, sellers in PALATINE, IL 60074 save an estimated $5,940 compared to a typical 5% commission on the median listing price of $296,975. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.