Is Highwood, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Highwood is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Highwood, IL

How much do homes in Highwood, IL cost?

Median Sold Price

$430,000

$249/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$65,000(+17.8%)

Key Takeaway

Homes in Highwood have sold for 17.8% more than they did a year ago.

Summary: The median home sold price in Highwood was $430,000 in April 2024, up 17.8% from last year, and the median price per square foot was $249.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $265K$387.5K
+46.2%
3 $525K$330K
-37.1%
4 $448.5K$574.5K
+28.1%
5+ $423K$448K
+5.9%

Summary: Highwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 46.2%, 3 bedroom homes decreased by 37.1%, 4 bedroom homes increased by 28.1%, and 5+ bedroom homes increased by 5.9%.

Median Sold Price Compared To Nearby Cities

Highwood
+17.8%
Moraine Township
+7.8%
Highland Park
+4.6%

Housing Supply in Highwood, IL

How many homes are available in Highwood, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
56+20.0%

Summary: The Highwood real estate market had 6 homes for sale in April 2024, a 20.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 22
0.0%
3 23
+50.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Highwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Highwood, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Highwood in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Highwood, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
19 Days66 Days+241.0%

Summary: Homes in Highwood had an average of 66 days on market in Apr 2024, up by 241% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 2 homes were sold in Highwood; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 28 Days Ago

Newest Listings in Highwood, IL

Nearby Markets to Highwood, IL

What housing markets are near Highwood, IL?