Is Highland Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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
$195,000
$114/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Highland Township was $195,000 in March 2024, down 16.6% from last month, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $187K | $184.5K | -1.4% |
3 Bedrooms | $243K | $165K | -32.1% |
4 Bedrooms | $275.6K | $395K | +43.3% |
5+ Bedrooms | $300K | - | N/A |
Summary: Highland Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 32.1%, 4 bedroom homes increased by 43.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Highland Township | $233.7K | $195K | -16.6% |
Vienna Township | $255K | $164K | -35.7% |
Housing Supply in Highland Township, IL
How many homes are available in Highland Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 44 | -10.2% |
Summary: The Highland Township real estate market had 44 homes for sale in March 2024, a 10.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 29 | 27 | -6.9% |
4 Bedrooms | 9 | 6 | -33.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Highland Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
20 | 11 | -45.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Highland Township in March 2024, down by 45.0% month-over-month. Of the 11 sold homes, 18% were sold under asking, 36% were sold at asking, and 45% 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 2024 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 47 Days | -10.3% |
Summary: Homes in Highland Township had an average of 47 days on market in Mar 2024, down by 10.3% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Highland Township; 45% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.