How's Chicago's Real Estate Market?

Highland Park, IL

Single-Family Homes

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Highland Park, IL

Tue Jul 01 2025
This week the median list price for Highland Park, IL is $1,223,100 with the market action index hovering around 52. This is about the same as last month's market action index of 52. Inventory has held steady at or around 39. 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 has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 Jul 01 2025
This week the median list price for Highland Park, IL is $1,223,100 with the market action index hovering around 52. This is about the same as last month's market action index of 52. Inventory has held steady at or around 39. 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 has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 $1,223,100
Median Price of New Listings $1,250,000
Per Square Foot $367
Average Days on Market 130
Median Days on Market 35
Price Decreased 10%
Price Increased 3%
Relisted 15%
Inventory 39
Median Rent
Market Action 52
Strong Seller's Market

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
$2,699,000 6,233 1 - 2.5 acres 6 6.5 70 1 1 49
$1,329,950 3,058 - 4 3.5 1 3 1 17
$932,445 3,041 0.25 - 0.5 acre 4 3 63 2 5 24
$579,000 2,220 8,000 - 10,000 sqft 3 2.5 70 1 3 49