Is Highland, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Highland is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Highland has remained a Seller's Market.

Key Takeaway

Highland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Highland, SC

How much do homes in Highland, SC cost?

Median Sold Price

$380,500

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$62,000(-14.0%)

Key Takeaway

Homes in Highland have sold for 14% less than they did a year ago.

Summary: The median home sold price in Highland was $380,500 in May 2024, down 14% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $212.5K$305K
+43.5%
2 $212.7K$286.7K
+34.8%
3 $324.5K$330K
+1.7%
4 $533.6K$496K
-7.0%
5+ $754.5K$890K
+18.0%

Summary: Highland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.5%, 2 bedroom homes increased by 34.8%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes increased by 18%.

Median Sold Price Compared To Nearby Cities

Landrum
+22.9%
Gramling
+16.4%
Tryon
+8.5%
Highland
-14.0%

Housing Supply in Highland, SC

How many homes are available in Highland, SC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
147162+10.2%

Summary: The Highland real estate market had 162 homes for sale in May 2024, a 10.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 78
+14.3%
3 5558
+5.5%
4 5770
+22.8%
5+ 2624
-7.7%

Summary: The Highland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 22.8%, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2235+59.1%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Highland, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in Highland in May 2024, up by 59.1% month-over-month. Of the 28 sold homes, 71% were sold under asking, 11% were sold at asking, and 18% were sold over asking.

Days on Market for Highland, SC

How long does it take to sell a home in Highland, SC?

Average Sale Time

May 2023May 2024CHANGE
44 Days46 Days+4.7%

Summary: Homes in Highland had an average of 46 days on market in May 2024, up by 4.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Highland are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 35 homes were sold in Highland; 9% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Highland, SC

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