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Fort Sheridan

HIGHWOOD, IL 60040

Real Estate Market Report  ·  Lake County
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 60040

Fort Sheridan

Market Analysis

Data as of March 2026. Source: Realtor.com.

The HIGHWOOD, IL real estate market (60040) currently shows 6 active listings, with 1 pending sales. Homes are averaging 36 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 36 days on market compared to 11 days last year.

The median listing price has fallen 30.4% year-over-year, from $575,000 to $400,000.

Whether you are buying or selling in HIGHWOOD, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 5,227  ·  Density: 2,636.4/mi²  ·  Median household income: $105,282

Typical home value: $508,754  ·  Homeownership: 50.3%

Market Overview

Active Listings
6
vs 6 last year
Pending
1
17% pending ratio
Median Price
$400,000
⇩ 30.4% vs $575,000 last year
Average Price
$497,890
⇩ 20.3% vs $624,700 last year
Days on Market
36
⇧ 227.3% vs 11 days last year

Price Per Square Foot

Median $/sqft
$301
⇧ 11.1% vs $271/sqft last year
Median Home Size
1,475 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 36 now vs 11 last year

Median & Average Pricing

Year over Year
  • Median: $400,000 (-30.4% YoY)
  • Average: $497,890 (-20.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 11.9 miles — 736 listings ($837,638,513 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
60040Highwood, IL 600400.0 mi5$2,688,835$462,500$537,767
60045Lake Forest, IL 600453.7 mi66$185,495,310$1,949,375$2,810,535
60022Glencoe, IL 600225.4 mi29$84,800,988$2,907,250$2,924,172
60069Lincolnshire, IL 600695.8 mi27$26,833,599$749,450$993,837
60093Winnetka, IL 600937.7 mi41$108,287,847$2,145,000$2,641,167
60061Vernon Hills, IL 600617.8 mi62$34,048,292$455,000$549,166
60089Buffalo Grove, IL 600898.0 mi69$26,585,700$348,750$385,300
60025Glenview, IL 600259.1 mi79$79,191,733$597,475$1,002,427
60070Prospect Heights, IL 600709.2 mi34$11,799,564$222,500$347,046
60091Wilmette, IL 6009110.0 mi54$85,218,210$1,167,500$1,578,115
60004Arlington Heights, IL 6000410.7 mi79$47,048,450$535,700$595,550
60053Morton Grove, IL 6005311.4 mi65$33,220,265$479,900$511,081
60047Lake Zurich, IL 6004711.9 mi126$112,419,720$829,925$892,220

Frequently Asked Questions

How many homes are for sale in HIGHWOOD, IL 60040?

As of March 2026, there are 6 active listings in HIGHWOOD, IL (zip code 60040), compared to 6 the prior year.

What is the median home price in HIGHWOOD, IL 60040?

The median listing price in HIGHWOOD, IL 60040 is $400,000 as of March 2026, a 30.4% decrease from $575,000 the prior year.

How long do homes stay on the market in HIGHWOOD, IL?

Homes in HIGHWOOD, IL 60040 spend an average of 36 days on the market before going under contract, compared to 11 days the prior year.

Is it a seller's or buyer's market in HIGHWOOD, IL 60040?

Based on current inventory and days-on-market data as of March 2026, HIGHWOOD, IL 60040 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 36 days on market compared to 11 days last year.

How much can I save on real estate commission in HIGHWOOD, IL?

With SELL123.com's maximum 3% commission, sellers in HIGHWOOD, IL 60040 save an estimated $8,000 compared to a typical 5% commission on the median listing price of $400,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.