Market Edge Report

Highland Park, IL

Single-Family Homes

BHHSChicago.com



Highland Park, IL

Mon Feb 06 2023
This week the median list price for Highland Park, IL is $1,162,500 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has increased to 30. Click here to stay informed with the Highland Park market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Highland Park, IL

Mon Feb 06 2023
This week the median list price for Highland Park, IL is $1,162,500 with the market action index hovering around 42. This is about the same as last month's market action index of 42. Inventory has increased to 30. Click here to stay informed with the Highland Park market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Highland Park market.
Median List Price $1,162,500
Median Price of New Listings $3,249,499
Per Square Foot $281
Average Days on Market 297
Median Days on Market 130
Price Decreased 43%
Price Increased 0%
Relisted 37%
Inventory 30
Median Rent
Market Action 42
Slight Seller's Advantage

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,199,000 6,168 0.5 - 1 acre 6 6.5 26 1 0 154
$1,399,000 4,713 0.5 - 1 acre 5 4.5 25 0 1 140
$912,500 3,093 0.25 - 0.5 acre 4 4 44 0 0 98
$399,000 1,905 8,000 - 10,000 sqft 3 2.3 83 1 0 143