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 Last Month

Since last month, 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

$195,000

$114/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

-$38,750(-16.6%)

Key Takeaway

Homes in Highland Township have sold for 16.6% less than they did a month ago.

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

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 $187K$184.5K
-1.4%
3 $243K$165K
-32.1%
4 $275.6K$395K
+43.3%
5+ $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
-16.6%
Vienna Township
-35.7%

Housing Supply in Highland Township, IL

How many homes are available in Highland Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4944-10.2%

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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 99
0.0%
3 2927
-6.9%
4 96
-33.3%
5+ 22
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 2024Mar 2024CHANGE
2011-45.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Highland Township, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

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 2024Mar 2024CHANGE
53 Days47 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

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 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.

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

Report Updated 18 Days Ago

Newest Listings in Highland Township, IL

Nearby Markets to Highland Township, IL