Market Edge Report

Highland Park, IL

Single-Family Homes

BHHSChicago.com



Highland Park, IL

Fri May 09 2025
This week the median list price for Highland Park, IL is $1,100,000 with the market action index hovering around 54. This is an increase over last month's market action index of 48. Inventory has increased to 35. 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.

Strong Seller's Market

Market Narrative

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Highland Park, IL

Fri May 09 2025
This week the median list price for Highland Park, IL is $1,100,000 with the market action index hovering around 54. This is an increase over last month's market action index of 48. Inventory has increased to 35. 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.

Strong Seller's Market

Market Narrative

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Highland Park market.
Median List Price $1,100,000
Median Price of New Listings $849,999
Per Square Foot $366
Average Days on Market 149
Median Days on Market 56
Price Decreased 37%
Price Increased 9%
Relisted 14%
Inventory 35
Median Rent
Market Action 54
Strong Seller's Market

This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.

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
$2,797,000 6,757 1 - 2.5 acres 6 6.3 77 0 0 84
$1,261,830 2,900 0.5 - 1 acre 4 3.5 1 2 1 56
$849,999 2,845 0.25 - 0.5 acre 4 3 67 4 2 21
$515,000 1,504 8,000 - 10,000 sqft 3 2 69 1 3 161