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 November 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

$229,900

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,900(+10.0%)

Key Takeaway

Homes in Highland Township have sold for 10% more than they did a year ago.

Summary: The median home sold price in Highland Township was $229,900 in November 2024, up 10% from last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $63K$135K
+114.2%
2 $177.9K$174.5K
-1.9%
3 $222K$232.4K
+4.7%
4 $282.4K$305.5K
+8.2%
5+ $305K$397.4K
+30.3%

Summary: Highland Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 114.2%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 30.3%.

Housing Supply in Highland Township, IL

How many homes are available in Highland Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5056+12.0%

Summary: The Highland Township real estate market had 56 homes for sale in November 2024, a 12.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1815
-16.7%
3 1822
+22.2%
4 713
+85.7%
5+ 65
-16.7%

Summary: The Highland Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 85.7%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1012+20.0%

Asking Price vs. Sold Price

2 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 could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 12 homes were sold or pending in Highland Township in November 2024, up by 20.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% 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

Nov 2023Nov 2024CHANGE
31 Days57 Days+81.3%

Summary: Homes in Highland Township had an average of 57 days on market in Nov 2024, up by 81.3% compared to last year.

Breakdown of Home Sale Times

6 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 November 2024, 12 homes were sold in Highland Township; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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 17 Days Ago

Newest Listings in Highland Township, IL

Nearby Markets to Highland Township, IL