Is Highwood, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Highwood is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Highwood was a Seller's Market.

Key Takeaway

Highwood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Highwood, IL

How much do homes in Highwood, IL cost?

Median Sold Price

$440,000

$115/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$142,500(+47.9%)

Key Takeaway

Homes in Highwood have sold for 47.9% more than they did a month ago.

Summary: The median home sold price in Highwood was $440,000 in May 2024, up 47.9% from last month, and the median price per square foot was $115.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 $297.5K-
N/A
3 --
N/A
4 -$440K
N/A
5+ --
N/A

Summary: Highwood housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Highwood, IL

How many homes are available in Highwood, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
810+25.0%

Summary: The Highwood real estate market had 10 homes for sale in May 2024, a 25.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 46
+50.0%
4 12
+100.0%
5+ 00
0.0%

Summary: The Highwood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Highwood, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Highwood in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Highwood, IL

How long does it take to sell a home in Highwood, IL?

Average Sale Time

Apr 2024May 2024CHANGE
66 Days94 Days+41.4%

Summary: Homes in Highwood had an average of 94 days on market in May 2024, up by 41.4% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Highwood are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 1 homes were sold in Highwood; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Highwood, IL

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