Spring 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Highland Park. Low rates with falling home prices makes a home purchase a great value! Call now for more information at

Average Home Price $400,000 - View Graph Trend
Average Price Compared to Last Year Down 0-5%
Average Time on Market 90-120 days
Best Selling Price Range$400,000 - $449,000
Worst Selling Price Range$1,000,000+
Prices As % of Asking Price 85-90%
Existing Home Prices for the past 90 days are?Decreasing
Market Trend Decreasing
Buyers’ or Sellers’ Market More sellers than buyers
Buyer Activity for the past 90 days in Highland Park isIncreasing
Seller Activity for the past 90 days in Highland Park is?Increasing
Multiple Offers?No
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?5-10%
Is Financing Available For Qualified Buyers?Yes
Housing Inventory Good supply - Some Prices
Greatest Activity Repeat Buyers
Reason to Buy/Sell Population Growth
Nearest Metro AreaChicago
Housing Hot SpotsMost cities within the Lake County area are considered ’Housing Hotspots’
Average Sold Price $400,000 - View Graph Trend

Highland Park Local News


News for Highland Park, IL - June 22nd, 2011 3:46pm
Just 26 miles north of the Chicago Loop, this lovely lakeside suburb offers winding, tree-lined streets and a charming downtown. Highland Park is known for its abundance of parks, quality schools, recreational facilities and strong community involvement. The community's residents participate in a number of exciting events and festivals each year, such as the Ravinia Festival and a number of holiday celebrations. The local park district maintains hundreds of acres of parklands, including several parks located on lovely Lake Michigan. Transportation in Highland Park, IL is easy and convenient thanks to several major nearby roads and freeways and Metra commuter trains. Local students are served by several districts and Chicago's many outstanding colleges and universities are nearby. Home prices are moderate. Breathtaking traditional estate properties are situated next to more affordable homes in friendly neighborhoods that offer young families a perfect environment and proximity to award-winning schools. Victorians, Tudors, spilt-levels and ranches are the prominent housing styles, but virtually all styles are available.

News for Highland Park, IL - May 4th, 2011 10:04am
Just 26 miles north of the Chicago Loop, this lovely lakeside suburb offers winding, tree-lined streets and a charming downtown. Highland Park is known for its abundance of parks, quality schools, recreational facilities and strong community involvement. The community's residents participate in a number of exciting events and festivals each year, such as the Ravinia Festival and a number of holiday celebrations. The local park district maintains hundreds of acres of parklands, including several parks located on lovely Lake Michigan. Transportation in Highland Park, IL is easy and convenient thanks to several major nearby roads and freeways and Metra commuter trains. Local students are served by several districts and Chicago's many outstanding colleges and universities are nearby. Home prices are moderate. Breathtaking traditional estate properties are situated next to more affordable homes in friendly neighborhoods that offer young families a perfect environment and proximity to award-winning schools. Victorians, Tudors, spilt-levels and ranches are the prominent housing styles, but virtually all styles are available.

News for Highland Park, IL - February 8th, 2011 10:52am
Just 26 miles north of the Chicago Loop, this lovely lakeside suburb offers winding, tree-lined streets and a charming downtown. Highland Park is known for its abundance of parks, quality schools, recreational facilities and strong community involvement. The community's residents participate in a number of exciting events and festivals each year, such as the Ravinia Festival and a number of holiday celebrations. The local park district maintains hundreds of acres of parklands, including several parks located on lovely Lake Michigan. Transportation in Highland Park, IL is easy and convenient thanks to several major nearby roads and freeways and Metra commuter trains. Local students are served by several districts and Chicago's many outstanding colleges and universities are nearby. Home prices are moderate. Breathtaking traditional estate properties are situated next to more affordable homes in friendly neighborhoods that offer young families a perfect environment and proximity to award-winning schools. Victorians, Tudors, spilt-levels and ranches are the prominent housing styles, but virtually all styles are available.

News for Highland Park, IL - July 5th, 2010 8:42pm
Just 26 miles north of the Chicago Loop, this lovely lakeside suburb offers winding, tree-lined streets and a charming downtown. Highland Park is known for its abundance of parks, quality schools, recreational facilities and strong community involvement. The community's residents participate in a number of exciting events and festivals each year, such as the Ravinia Festival and a number of holiday celebrations. The local park district maintains hundreds of acres of parklands, including several parks located on lovely Lake Michigan.

Transportation in Highland Park, IL is easy and convenient thanks to several major nearby roads and freeways and Metra commuter trains. Local students are served by several districts and Chicago's many outstanding colleges and universities are nearby. Home prices are moderate. Breathtaking traditional estate properties are situated next to more affordable homes in friendly neighborhoods that offer young families a perfect environment and proximity to award-winning schools. Victorians, Tudors, spilt-levels and ranches are the prominent housing styles, but virtually all styles are available.
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Mortgage Rates
– May 28th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.82%
 15 yr. fixed rate:     3.11%
  30 yr. jumbo rate:  4.38%
  15 yr. jumbo rate:  3.61%

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Agent quarterly survey shows growing optimism toward a housing market recovery

End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.

Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.

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