$4,988 Closing Credit*
$420,000
2,151 SqFt
4 Beds
•2 Full Baths
Listing Office: 360 Prime Realty Group, LLC
Is Highland, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Highland has remained a Seller's Market.
Key Takeaway
Highland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Highland, IL
How much do homes in Highland, IL cost?
Median Sold Price
$230,200
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$22,200(+10.7%)
Key Takeaway
Homes in Highland have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Highland was $230,200 in October 2024, up 10.7% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $63K | $135K | +114.2% |
| 2 Bedrooms | $172.2K | $188K | +9.2% |
| 3 Bedrooms | $222K | $237.5K | +7.0% |
| 4 Bedrooms | $283.9K | $305K | +7.4% |
| 5+ Bedrooms | $305K | $334.9K | +9.8% |
Summary: Highland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 114.2%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 9.8%.
Median Sold Price Compared To Nearby Cities
| Marine Township | $230K | $319K | +38.7% |
| Highland | $208K | $230.2K | +10.7% |
| Helvetia Township | $200K | $220K | +10.0% |
| Saline Township | $285K | $265.5K | -6.8% |
Housing Supply in Highland, IL
How many homes are available in Highland, IL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 51 | -10.5% |
Summary: The Highland real estate market had 51 homes for sale in October 2024, a 10.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 23 | 18 | -21.7% |
| 4 Bedrooms | 13 | 8 | -38.5% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Highland housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 21.7%, 4 bedroom homes decreased by 38.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 9 | -55.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Highland, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Highland in October 2024, down by 55.0% month-over-month. Of the 9 sold homes, 11% were sold under asking, 22% were sold at asking, and 67% were sold over asking.
Days on Market for Highland, IL
How long does it take to sell a home in Highland, IL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 18 Days | -42.1% |
Summary: Homes in Highland had an average of 18 days on market in Oct 2024, down by 42.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Highland are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Highland; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.