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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 & Real Estate
Housing market overview · Updated monthly ·
$914,000median sale price
How is the Highland Park, IL housing market right now?
The median home sale price in Highland Park, IL is $914,000, up 14.2% year-over-year. Homes sell in an average of 31 days with 107 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Highland Park a buyer's or seller's market?
Highland Park, IL is currently a strong seller's market, based on 2.2 months of supply and homes selling in about 31 days. How we determine this →
Homes sold
48
Last 12 weeks
Days on market
31
Average pace
Active listings
107
2.2 months supply
Sale-to-list
107.1%
Above asking
What does the Highland Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $914,000 |
| Median list price | $750,000 |
| Year-over-year price change | +14.2% |
| Average days on market | 31 days |
| Active inventory | 107 listings |
| Months of supply | 2.2 months |
| Sale-to-list price ratio | 107.1% |
| Median price per sq ft | $327/sq ft |
| Homes sold (latest month) | 48 |
| New listings (latest month) | 67 |
| Listings with a price cut | 14.0% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
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.
| 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 |
Source: Redfin · Updated monthly
The Highland Park housing market is currently classified as a strong seller's market with a median sale price of $914,000. Prices have risen 14.2% compared to last year, with homes spending an average of 31 days on market, indicating 2.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.9x provides context for how home values compare to local earning capacity.
Market trends
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
Who lives in Highland Park?
Population
30,229
Median income
$161,875/yr
Median age
46 years
Owner-occupied
83.7%
College grads
76.1%
Avg commute
28.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Highland Park?
Zillow home value
$792,709
Zillow rent index
$3,006/mo
Price-to-rent ratio
22.0x
Price-to-income
4.9x
Source: Zillow Research
What is it like to live in Highland Park?
Highland Park is a community of approximately 30K residents with a median age of 46 years.The median household income is $161,875, which reflects a relatively affluent area with strong earning potential. 76.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 83.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Highland Park offers a balanced lifestyle with accessible home values relative to local income levels.
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?
Want a head-to-head view? Compare Highland Park side-by-side with any other U.S. city using our market-comparison tool.
Is Highland Park a good real estate investment market?
For investors evaluating Highland Park, the price-to-rent ratio of 22.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 14.2% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Highland Park's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Highland Park's median home price.
Frequently asked questions
What is the average home price in Highland Park?
The median home sale price in Highland Park is $914,000, up 14.2% from last year.
How long do homes stay on market in Highland Park?
Homes typically spend 31 days on market before going under contract.
What is the median income in Highland Park?
The median household income is $161,875 per year.
Is Highland Park a buyer's or seller's market?
With 2.2 months of supply, Highland Park is currently a strong seller's market.
What is the Zillow home value estimate for Highland Park?
The Zillow Home Value Index (ZHVI) for Highland Park is $792,709, representing the typical home value in the area.
What is the median condo price in Highland Park?
The median condo/co-op sale price in Highland Park, IL is $272,000, compared to $960,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Highland Park?
The median single-family home price in Highland Park, IL is $960,000 (about $348 per square foot).
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