Is Highland, IL 62249 a buyer’s or seller’s market?
Highland is a seller’s market. With about 1.6 months of supply and 39% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 83% of U.S. ZIP codes, and #108 of 464 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Highland housing market right now
In the three months ending August 31, 2026, 39% of homes in Highland, IL 62249 sold above their list price, the typical home went under contract in 35 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 71 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 43%, homes sold about as fast and the median sale price fell 9% to $249,892. Overall, Highland is less competitive than a year ago, which gives buyers more room.
Within Madison County, homes here sell more slowly than in 64% of the county’s ZIP codes, and sell more often over asking than in 56%. On our competition score, Highland ranks #108 of 464 IL ZIP codes with enough sales (score 78 out of 100).
Nearby, buyers who want less competition could look at Venice 62090 (0% sold over asking) or New Douglas 62074 (0% sold over asking), while Saint Jacob 62281 (80% sold over asking) and Cottage Hills 62018 (63% sold over asking) are even more competitive.
Run the numbers for 62249
Nearby markets
Alhambra 62001Seller’s market $118 /sq ftAlton 62002Seller’s market $107 /sq ftBethalto 62010Seller’s market $141 /sq ftCollinsville 62234Seller’s market $127 /sq ft Browse all markets →Towns like Highland nearby
Find towns like Highland in other states →Where Highland is
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Questions about Highland real estate
Is Highland a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Highland, IL 62249 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Highland?
The typical home went under contract in 35 days in the latest three months.
Do homes in Highland sell over asking?
39% of homes sold above their original list price, and the typical sale closed at 100.7% of the list price.
What are property taxes in Highland?
About 1.92% of a home’s value a year in Madison County, or roughly $7,680 on a $400,000 home.
What is the median home price in Highland?
The median sale price was $249,892 in the three months ending August 31, 2026, about $151 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology