Is Highland Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Highland Township has remained a Seller's Market.
Housing Prices in Highland Township, IL
How much do homes in Highland Township, IL cost?
Median Sold Price
$212,500
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Highland Township was $212,500 in February 2024, down 1.5% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $93K | N/A |
2 Bedrooms | $152.5K | $176K | +15.4% |
3 Bedrooms | $211.5K | $223K | +5.5% |
4 Bedrooms | $295K | $282.4K | -4.3% |
5+ Bedrooms | $400K | $337.4K | -15.6% |
Summary: Highland Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 15.6%.
Housing Supply in Highland Township, IL
How many homes are available in Highland Township, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
42 | 48 | +14.3% |
Summary: The Highland Township real estate market had 48 homes for sale in February 2024, a 14.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 6 | 9 | +50.0% |
3 Bedrooms | 26 | 29 | +11.5% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Highland Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 18 | +200.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Highland Township in February 2024, up by 200.0% month-over-month. Of the 18 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
72 Days | 51 Days | -28.4% |
Summary: Homes in Highland Township had an average of 51 days on market in Feb 2024, down by 28.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 18 homes were sold in Highland Township; 33% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.