How's Chicago's Real Estate Market?
Highland Park, IL
Single-Family Homes
312-961-6212
Highland Park, IL
Mon Mar 01 2021
This week the median list price for Highland Park, IL is $1,249,975 with the market action index hovering around 43. This is an increase over last month's market action index of 42. Inventory has held steady at or around 72.
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
| Median List Price | $1,249,975 | |
| Per Square Foot | $253 | |
| Days on Market | 102 | |
| Price Decreased | 15% | |
| Price Increased | 3% | |
| Relisted | 18% | |
| Inventory | 72 | |
| Median Rent | $3,365 | |
| Most Expensive | $14,855,000 | |
| Least Expensive | $290,000 | |
| Market Action | 43 | |
| Slight Seller's Advantage | ||
Prices hit another all time high this week. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,974,500 | 6,802 | 0.5 - 1 acre | 5 | 6 | 26 | 0 | 0 | 161 |
| $1,399,000 | 5,574 | 0.5 - 1 acre | 4 | 4 | 19 | 2 | 0 | 56 |
| $896,500 | 4,046 | 0.25 - 0.5 acre | 5 | 4 | 52 | 0 | 2 | 164 |
| $474,500 | 2,020 | 0.25 - 0.5 acre | 4 | 2 | 70 | 5 | 4 | 42 |