How Competitive is the Highland Park, IL Housing Market?

by Cesar Juarez

Highland Park, a city north of Chicago, IL, is a highly competitive housing market. About 56% of homes sold above list price in the 3 months ending June 2026—up 11 percentage points from a year ago.

739 Concorde Dr

The National Picture

U.S. homes sold above asking at a 24.6% clip in June 2026. In Highland Park, that figure reaches 56.5%—nearly three times the national rate. The gap makes clear that buyers here need to come prepared to compete aggressively from day one.

Days on Market Drop Sharply Year Over Year

Days on market plunged 11 days to just 35, the largest year-over-year improvement among these suburbs. Pending sales surged 32%, and the sold-above rate climbed 11 points. At 104.1% sale-to-list, Highland Park now rivals Glenview (103.9%) for the highest over-ask premium on the North Shore. Buyers must act within a much narrower window than a year ago.

Why is Highland Park Highly Competitive?

Highland Park is highly competitive because a surge in pending sales has tightened an already-lean luxury market. At 2.1 months of supply, the market tilts firmly toward sellers. Pending sales surged 32% year over year, confirming strong buyer demand. Despite 16% of listings carrying price drops, the high sold-above rate shows correctly priced homes still attract bidding wars. Days on market shrank 11 days from last year, reflecting an accelerating pace.

Nearby Neighborhoods

Neighborhood	Sold Above List	Sale-to-List	Days on Market	Off Mkt in 2 Wks
Highland Park	56.5%	104.1%	35 days	60.8%
Deerfield, IL	52.4%	102.5%	35 days	65.0%
Buffalo Grove, IL	56.5%	100.7%	47 days	63.0%
Glenview, IL	59.1%	103.9%	36 days	62.3%
Northbrook, IL	54.2%	102.3%	42 days	60.2%
Mundelein, IL	45.3%	100.5%	49 days	63.0%

Limited to neighborhoods with at least 10 home sales in the period.

All data comes from Redfin and represents a three-month rolling average ending June 2026. This article has been generated, in whole or in part, using generative artificial intelligence (AI) technology, with input from Redfin head of economics research Chen Zhao. While efforts have been made to ensure the accuracy and reliability of this information, you should independently verify all data, facts, and citations contained in this article before relying on it for any purpose. This information is not a substitute for advice from a real estate agent, financial advisor, or other licensed professional. Check the Redfin Data Center for additional in-depth housing market data.