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 Last Month

Since last month, 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

$719,000

$264/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$194,000(+37.0%)

Key Takeaway

Homes in Highwood have sold for 37% more than they did a month ago.

Summary: The median home sold price in Highwood was $719,000 in November 2024, up 37% from last month, and the median price per square foot was $264.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$186.4K
N/A
3 $357.5K$855K
+139.2%
4 $975K$719K
-26.3%
5+ --
N/A

Summary: Highwood housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 139.2%, 4 bedroom homes decreased by 26.3%, and 5+ bedroom homes did not change.

Housing Supply in Highwood, IL

How many homes are available in Highwood, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
11110.0%

Summary: The Highwood real estate market had 11 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 13
+200.0%
3 43
-25.0%
4 32
-33.3%
5+ 22
0.0%

Summary: The Highwood 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 increased by 200%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
330.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Highwood, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Highwood in November 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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

Oct 2024Nov 2024CHANGE
61 Days16 Days-73.5%

Summary: Homes in Highwood had an average of 16 days on market in Nov 2024, down by 73.5% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were 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 November 2024, 3 homes were sold in Highwood; 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.

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 Highwood, IL

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