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Featured local agent — Highland Park, IL
Sarah Mitchell
Compass Real Estate · Highland Park, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Highland Park, IL Housing Market
The typical home in Highland Park, IL is worth $802,430, rose 7.4% over the past year (Zillow Home Value Index, July 2026). The last median sale price Redfin published was $914,000, +14.2% year over year (through May 2026). With 2.2 months of supply and homes going under contract in about 31 days, Highland Park is a strong seller's market. At today's 6.66% 30-year fixed rate, 20% down on a $802,430 home is about $4,125/mo in principal and interest.
Key numbers for Highland Park, IL
Typical home value
$802,430
+7.4% in 12 months
Zillow, July 2026
Typical asking rent
$3,034/mo
Zillow Observed Rent Index
Zillow, July 2026
Median sale price
$914,000
+14.2% year over year
Redfin, through May 2026
Days on market
31
Average pace
Redfin, through May 2026
Active listings
107
2.2 months of supply
Redfin, through May 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$161,875
Home costs 5.0x income
U.S. Census ACS, 2023
Sale-to-list ratio
107.1%
Selling above asking
Redfin, through May 2026
Zillow figures are as of July 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Highland Park a buyer's or seller's market?
Highland Park, IL is a strong seller's market, based on 2.2 months of supply and homes selling in about 31 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Highland Park housing market data show?
Every row below is Redfin's final published month for Highland Park, IL. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $914,000 |
| Median list price | $750,000 |
| Year-over-year price change | +14.2% |
| Median price per sq ft | $327/sq ft |
| Median days on market | 31 days |
| Active inventory | 107 listings |
| Months of supply | 2.2 months |
| Sale-to-list price ratio | 107.1% |
| Homes sold (that month) | 48 |
| New listings (that month) | 67 |
| Listings with a price cut | 14.0% |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Highland Park is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Highland Park is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Highland Park home prices moved?
Over the last three years the median sale price in Highland Park, IL rose 26.1%, from $725,000 to $914,000. The live Zillow value series has rose 7.4% in the last 12 months, which is the more current read now that Redfin's series has stopped. 14.0% of Highland Park listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 2.2 months while the sale-to-list ratio slips below its current 107.1%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Highland Park?
Priced off the typical home value of $802,430 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $160,486 | $641,944 | $4,125/mo |
| 5% | $40,121 | $762,308 | $4,899/mo |
Zillow, July 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $4,125, that implies roughly $176,799 a year before you add taxes and insurance. The median household in Highland Park earns $161,875, about $14,924 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 5.0x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Highland Park in the next 12 months?
Tell us your timeline. We send the Highland Park market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Highland Park?
Typical asking rent in Highland Park, IL is $3,034/mo, against a typical home value of $802,430. That is a price-to-rent ratio of 22.0x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $4,125 a month — $1,091 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, July 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Highland Park?
Active listings in Highland Park, IL went from 114 in May 2025 to 107 in May 2026, a -6.1% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 103 | 47 |
| July 2025 | 105 | 49 |
| August 2025 | 100 | 37 |
| September 2025 | 91 | 33 |
| October 2025 | 89 | 43 |
| November 2025 | 71 | 14 |
| December 2025 | 55 | 20 |
| January 2026 | 70 | 40 |
| February 2026 | 81 | 43 |
| March 2026 | 78 | 52 |
| April 2026 | 93 | 73 |
| May 2026 | 107 | 67 |
Redfin, through May 2026
How does Highland Park compare to Illinois and the U.S.?
Highland Park homes sell for $914,000 — 170% above the Illinois median of $337,900. Against the national median of $410,700, Highland Park runs 123% higher. Year-over-year, Highland Park moved +14.2% against Illinois's +5.9% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Highland Park, IL | $914,000 | +14.2% | 31 days |
| Illinois statewide | $337,900 | +5.9% | 43 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Highland Park
What buyers should watch
- Months of supply, currently 2.2. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 14.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $773 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $802,430 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Highland Park listing goes under contract in 31 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 107.1% of asking. Price at the number you want and let competition do the rest.
- In the last published month Highland Park added 67 new listings against 48 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +7.4% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Highland Park varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Highland Park
There are currently 107 homes listed for sale in Highland Park, Illinois. The median listing price is $750K.
Active listings
107
Homes on market
Median list price
$750K
Avg. days on market
31
Days until sale
New this week
67
Newly listed
How much do homes cost in Highland Park by property type?
How the Highland Park, IL market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $960,000 | $348/sq ft | 40 | 32 days |
| Condo / co-op | $272,000 | $280/sq ft | 7 | 24 days |
| Townhouse | $475,000 | $221/sq ft | 1 | 21 days |
Who lives in Highland Park?
American Community Survey estimates for Highland Park. U.S. Census ACS, 2023
Population
30,229
Households
11,761
Median income
$161,875/yr
Median age
46 years
Owner-occupied
83.7%
Median home value
$594,400
Median gross rent
$1,903/mo
Mean commute
28.1 min
83.7% of occupied homes in Highland Park are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $594,400 against Zillow's $802,430 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,903/mo, below Zillow's $3,034/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Highland Park?
11 schools tracked · 4,951 students
The largest public schools serving Highland Park, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Highland Park High School
Grades 9-12 · 1,715 students
Edgewood Middle School
Grades 6-8 · 659 students
Northwood Middle School
Grades 6-8 · 532 students
Indian Trail Elem School
Grades K-5 · 491 students
Wayne Thomas Elem School
Grades K-5 · 442 students
Sherwood Elem School
Grades K-5 · 354 students
Ravinia Elem School
Grades K-5 · 281 students
Braeside Elem School
Grades K-5 · 272 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Highland Park, IL?
Ordered by distance from Highland Park, not by size. Compare Highland Park side by side with any of them.
Highland Park housing market FAQ
Is Highland Park a buyer's or seller's market?
Highland Park, IL is currently a strong seller's market. That read comes from 2.2 months of supply, homes going under contract in about 31 days, and sellers getting 107.1% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Highland Park?
The typical home in Highland Park, IL is worth $802,430 (Zillow Home Value Index, July 2026). The median sale price in the last month Redfin published was $914,000, about $327 per square foot.
Is Highland Park cheaper than the rest of Illinois?
Highland Park's median sale price of $914,000 is 170% higher than the Illinois statewide median of $337,900, and 123% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Highland Park?
Homes in Highland Park, IL spent a median of 31 days on market before going under contract, versus 43 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Highland Park?
At the current 30-year fixed rate of 6.66%, 20% down on a $802,430 home is about $4,125 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $176,799 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $161,875.
Are home prices rising in Highland Park?
The typical home value in Highland Park, IL rose 7.4% over the last 12 months, from $747,166 to $802,430 (Zillow, July 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Highland Park?
Highland Park ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Highland Park?
That depends on your timeline, not on a headline. What the data says today: Highland Park, IL is a strong seller's market with 2.2 months of supply, the 30-year fixed rate is 6.66%, and the price-to-rent ratio of 22.0x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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