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 February 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

$212,500

$123/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$3,200(-1.5%)

Key Takeaway

Homes in Highland Township have sold for 1.5% less than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 -$93K
N/A
2 $152.5K$176K
+15.4%
3 $211.5K$223K
+5.5%
4 $295K$282.4K
-4.3%
5+ $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 2024Feb 2024CHANGE
4248+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

# BEDSJan 2024Feb 2024CHANGE
1 10
-100.0%
2 69
+50.0%
3 2629
+11.5%
4 89
+12.5%
5+ 11
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 2024Feb 2024CHANGE
618+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Highland Township, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
72 Days51 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Highland Township has remained consistent over time.

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.

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

Report Updated 27 Days Ago

Newest Listings in Highland Township, IL

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