Real Estate

Home Prices Inch Up in Highland Park

The Chicago area housing market appears to be rebounding for the majority of suburbs, including Highland Park.

Crain's Chicago Business has published an interactive map where residents can check by zipcode if home prices are going up or down.

In Highland Park, the 2012 median single-family home price was $480,000, up 2.2 percent from 2011.

However, the cost of a home in Highland Park is still 22.4 percent less than it was five years ago, according to price indexes computed by Case-Shiller CoreLogic.

Nearby, the one-year change in home prices increased 2.9 in Deerfield, 2.3 percent in Lake Bluff, 2.7 percent in Lincolnshire, 2.3 percent in Northbrook, 4.5 percent in Glenview, 2.9 percent in Wheeling and 5 percent in Winnetka. Prices were down 0.7 percent in Lake Forest.

The Chicago suburb that saw the biggest increase in home prices was Austin at 16 percent, while Palos Park experienced the biggest decrease at 6.2 percent, according to Crain's.

Check out Crain's interactive map to see how other area suburbs compare and to learn more about home prices throughout the area.


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