Palatine, IL

Palatine is a small town located in Cook County, Illinois. The population was estimated to be just over 100,000 people in 2016. Palatine is known for its affluent and well-educated population. It has a strong economy based on high-tech and healthcare industries.

Real estate in Palatine is very expensive compared to other parts of the country. The median home price was $1,099,000 as of September 2017 according to Zillow. This makes it one of the most expensive places to live in the United States.

The reason for this high cost of real estate is that Palatine has a very limited supply of homes available for sale. There are only about 2,500 homes available for sale as of September 2017 according to Trulia. This means that there is a lot of competition among buyers and sellers for these homes.

Another factor that contributes to the high cost of real estate in Palatine is the fact that there are a lot of wealthy people living in this town. As a result, there are a lot of luxury homes available for sale here.

Despite these factors, there are still some good deals available on real estate in Palatine if you know where to look. For example, you can find properties that are undervalued by the market due to their age or location.