Is Highland Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Highland Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Highland Township has remained a Seller's Market.

Key Takeaway

Highland Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Highland Township, IL

How much do homes in Highland Township, IL cost?

Median Sold Price

$230,050

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$22,550(+10.9%)

Key Takeaway

Homes in Highland Township have sold for 10.9% more than they did a year ago.

Summary: The median home sold price in Highland Township was $230,050 in October 2024, up 10.9% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $63K$135K
+114.2%
2 $173.6K$188K
+8.3%
3 $217K$235K
+8.3%
4 $298K$305K
+2.3%
5+ $305K$334.9K
+9.8%

Summary: Highland Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 114.2%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 9.8%.

Housing Supply in Highland Township, IL

How many homes are available in Highland Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5852-10.3%

Summary: The Highland Township real estate market had 52 homes for sale in October 2024, a 10.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1618
+12.5%
3 2419
-20.8%
4 138
-38.5%
5+ 46
+50.0%

Summary: The Highland Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 20.8%, 4 bedroom homes decreased by 38.5%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
209-55.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Highland Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Highland Township in October 2024, down by 55.0% month-over-month. Of the 9 sold homes, 11% were sold under asking, 22% were sold at asking, and 67% were sold over asking.

Days on Market for Highland Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days18 Days-42.1%

Summary: Homes in Highland Township had an average of 18 days on market in Oct 2024, down by 42.1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Highland Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in Highland Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 9 Days Ago

Newest Listings in Highland Township, IL

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