Foreclosure Homes in Highwood, IL 60040

Current Market Conditions in Highwood, IL

Highwood's real estate market has shown resilience amid broader market fluctuations. Home prices have steadily increased over the past year, driven by demand for family-friendly neighborhoods and quality schools. The inventory is relatively lower, which has led to increased competition among buyers, particularly for single-family homes.

Demand for properties in Highwood remains robust, with many homes receiving multiple offers shortly after hitting the market. The trend indicates a continuing appreciation of property values, as buyers are eager to invest in this desirable community.

Rent Prices In Highwood, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Highwood, IL, is on a rollercoaster ride. The average rent price in Highwood, IL, is $2,193.00. Indeed, when looking to rent in Highwood, IL, you can expect to pay as little as $1,020.00 or as much as $4,500.00, with the average rent median estimated to be $2,100.00. The good news is that finding an affordable and desirable property to rent in Highwood, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.