It may depend on the type of house, condos and townhomes may continue to adjust lower as time goes on. Detached homes may be bouncing along the bottom end of the down cycle. No one will know until after it happens.
I live just blocks from there. What would you like to know? There are at least 3 active listings from 189 to the low 200K's. The schools are excellent. The units are generally well maintained. As for appreciation, well I think that we all know Real Estate in Palatine is a good bet.