How's Chicago's Real Estate Market?

Highland Park, IL

Single-Family Homes

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Highland Park, IL

Tue May 18 2021
This week the median list price for Highland Park, IL is $999,999 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has increased to 87. 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 been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Highland Park, IL

Tue May 18 2021
This week the median list price for Highland Park, IL is $999,999 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has increased to 87. 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 been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Highland Park market.
Median List Price $999,999
Median Price of New Listings $899,900
Per Square Foot $256
Average Days on Market 166
Median Days on Market 35
Price Decreased 36%
Price Increased 6%
Relisted 14%
Inventory 87
Median Rent $2,600
Market Action 40
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$2,994,000 7,436 1 - 2.5 acres 5 6 34 0 0 168
$1,300,000 4,732 0.5 - 1 acre 4 4 48 3 2 52
$837,450 3,497 0.25 - 0.5 acre 4 3 58 4 5 28
$419,450 1,794 8,000 - 10,000 sqft 3 2 68 2 3 14