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Featured local agent — Highwood, IL
Sarah Mitchell
Compass Real Estate · Highwood, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Highwood, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$715,000median sale price
How is the Highwood, IL housing market right now?
The median home sale price in Highwood, IL is $715,000, up 36.2% year-over-year. Homes sell in an average of 17 days with 12 active listings. The market is currently a 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 Highwood a buyer's or seller's market?
Highwood, IL is currently a seller's market, based on 4.0 months of supply and homes selling in about 17 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
17
Fast-moving
Active listings
12
4.0 months supply
Sale-to-list
111.8%
Above asking
What does the Highwood housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $715,000 |
| Median list price | $640,000 |
| Year-over-year price change | +36.2% |
| Average days on market | 17 days |
| Active inventory | 12 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 111.8% |
| Median price per sq ft | $219/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 6 |
| Listings with a price cut | 33.3% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Highwood by property type?
How the Highwood, 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 | $649,000 | $164/sq ft | 1 | 21 days |
| Condo / Co-op | $1.31M | $460/sq ft | 1 | 12 days |
| Townhouse | $700,000 | $274/sq ft | 1 | 98 days |
Source: Redfin · Updated monthly
The Highwood housing market is currently classified as a seller's market with a median sale price of $715,000. Prices have risen 36.2% compared to last year, with homes spending an average of 17 days on market, indicating 4.0 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 Highwood
There are currently 12 homes listed for sale in Highwood, Illinois. The median listing price is $640K.
Active listings
12
Homes on market
Median list price
$640K
Avg. days on market
17
Days until sale
New this week
6
Newly listed
Who lives in Highwood?
Population
5,243
Median income
$101,862/yr
Median age
35.9 years
Owner-occupied
49.0%
College grads
38.1%
Avg commute
31.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Highwood?
Zillow home value
$496,784
Zillow rent index
$2,238/mo
Price-to-rent ratio
18.5x
Price-to-income
4.9x
Source: Zillow Research
What is it like to live in Highwood?
Highwood is a community of approximately 5K residents with a median age of 35.9 years.The median household income is $101,862, which reflects a relatively affluent area with strong earning potential. 38.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 49.0%, showing a blend of owner and renter-occupied properties. The average commute time is 31.1 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Highwood offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Highwood?
1 schools tracked · 538 students
The largest public schools serving Highwood, 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.
Oak Terrace Elem School
Grades PK-5 · 538 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 Highwood, IL?
Want a head-to-head view? Compare Highwood side-by-side with any other U.S. city using our market-comparison tool.
Is Highwood a good real estate investment market?
For investors evaluating Highwood, the price-to-rent ratio of 18.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 36.2% 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 Highwood's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Highwood's median home price.
Frequently asked questions
What is the average home price in Highwood?
The median home sale price in Highwood is $715,000, up 36.2% from last year.
How long do homes stay on market in Highwood?
Homes typically spend 17 days on market before going under contract.
What is the median income in Highwood?
The median household income is $101,862 per year.
Is Highwood a buyer's or seller's market?
With 4.0 months of supply, Highwood is currently a seller's market.
What is the Zillow home value estimate for Highwood?
The Zillow Home Value Index (ZHVI) for Highwood is $496,784, representing the typical home value in the area.
What is the median condo price in Highwood?
The median condo/co-op sale price in Highwood, IL is $1.31M, compared to $649,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Highwood?
The median single-family home price in Highwood, IL is $649,000 (about $164 per square foot).
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