Why Live in Downtown Palatine
Downtown Palatine offers a pedestrian-friendly environment with a mix of housing styles, from mid-century split-levels to contemporary condos and modern townhouses. The neighborhood is lined with trees and features quiet cul-de-sacs, making it a pleasant area for walking and biking. The renovated Palatine Station connects residents to the wider Chicago region via the Metra transit system. Local highlights include Durty Nellie’s gastropub, Schnell’s Brauhaus, Emmett’s Brewing Company, and Spunky Dunkers Donuts. For groceries, Jewel-Osco is centrally located, with Walmart and Home Depot nearby. The Palatine Park District provides numerous recreational opportunities, including Riemer Reservoir Park with its walking trail, disc golf course, and sledding in winter, as well as Community Park, which features baseball fields, a basketball court, and the Family Aquatic Center. Schools in the area are highly rated, with options like Winston Campus Elementary, Walter R. Sundling Junior High, Palatine High School, Stuart R. Paddock Elementary, Plum Grove Middle School, and William Fremd High School. The neighborhood is safer than the national average, and NorthWest Community Hospital is just 5 miles away. Downtown Palatine hosts various community events, including Hometown Fest, Street Fest, Oktoberfest, and the annual Holiday Tree Lighting ceremony. The Palatine Farmers Market operates year-round, offering local meats, produce, arts, crafts, and prepared foods.
Home Trends in Downtown Palatine, IL
On average, homes in Downtown Palatine, Palatine sell after 17 days on the market compared to the national average of 51 days. The median sale price for homes in Downtown Palatine, Palatine over the last 12 months is $374,900, up 12% from the median home sale price over the previous 12 months.
Median Sale Price
$374,900
Median Single Family Sale Price
$399,999
Median Townhouse Sale Price
$405,000
Median 2 Bedroom Sale Price
$325,000
Median 1 Bedroom Sale Price
$243,950
Average Price Per Sq Ft
$248
Number of Homes for Sale
26
Last 12 months Home Sales
185
Median List Price
$368,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
12%