Highland Park Real Estate

Get Cash at Closing When Purchasing in Highland Park, IL

Highland Park, Illinois is a town of 33,000 residents located in Lake County and is one of the affluent North Shore suburbs of Chicago. Located on Lake Michigan, it is a beautiful area of fine homes surrounding a charming business district.

There are some truly incredible lakefront homes and mansions in Highland Park some in excess of 25,000 square feet. While you'll pay over $5 million for one of these homes, there are many other fine, yet obtainable, homes in the $500,000-$750,000 price range.

Highland Park is notable for being the filming location for many popular movies including Ferris Bueller's Day Off, Risky Business, and Sixteen Candles. It is also the home to many of Chicago's professional athletes including one of the most famous people in the world, former Chicago Bulls star Michael Jordan.

Like many areas throughout Chicagoland, Highland Park has seen large declines in median home prices after the bursting of the real estate bubble. Currently, median home prices are about $350,000 and $550,000 for a condominium and single-family home respectively.

Median Home Prices in Highland Park, IL

Neighborhood	Property Type	Year	Q1	Q2	Q3	Q4
Highland Park	Condos and Townhomes	2008	$460,000	$400,000	$372,000	$288,750
Highland Park	Condos and Townhomes	2009	$330,000	$223,000	$355,000	$266,500
Highland Park	Condos and Townhomes	2010	$190,000	$198,500	$415,500	$225,000
Highland Park	Condos and Townhomes	2011	$242,500
Highland Park	Single Family Homes	2008	$550,000	$637,500	$684,000	$515,750
Highland Park	Single Family Homes	2009	$395,000	$500,000	$540,000	$446,000
Highland Park	Single Family Homes	2010	$470,000	$462,500	$512,500	$388,000
Highland Park	Single Family Homes	2011	$407,000

Source: Chicago Association of Realtors; data deemed accurate but not guaranteed.

If you are looking to purchase real estate in Highland Park you may be able to receive $1,000s in cash at closing with our Buyer Rebate Plan. Call us today at 312-282-7349.