The typical home value in
Highland Park
is projected to be
$543,750
for the month of
October.
September’s
finalized data reported the typical value of a home in the
city
to be
$640,000—down
20.11%
over the previous 12 months.
For comparison,
county-level
data pegged home values at
$385,000
in
Lake County
for the most recent reporting period.
That number is expected to float around
$372,000
in
October.
Highland Park
had
34
new listings and
32
listings that went under contract in
September,
decreasing
the area’s total available inventory to
79—down
11.24%
from the previous month. Inventory is projected to have further
decreased
in
October.
Of those
79
active listings,
15.19%
reduced their price in the month of
September.
The median listing price for homes in
Highland Park
fell
7.45%
from
August
to
September,
bringing the current median listing price to
$739,500.
Based on projected data for
October,
listing prices may continue to
fall.
The number of days that homes have been on the market prior to going under contract
has been fairly steady
year-over-year. In
September 2025,
the median time for a listed property to go pending was
52
days, compared to
50
days in
September 2024.
However, in recent months the median number of days from listed to pending appears to be
falling.
That trend is predicted to have carried through to this
October.
