Is Highlands, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Highlands has remained a Seller's Market.
Housing Prices in Highlands, NJ
How much do homes in Highlands, NJ cost?
Median Sold Price
$505,000
$381/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Highlands was $505,000 in May 2024, up 6.3% from last year, and the median price per square foot was $381.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $255K | $320K | +25.5% |
2 Bedrooms | $406.5K | $500K | +23.0% |
3 Bedrooms | $590K | $590K | 0.0% |
4 Bedrooms | $667K | $750.1K | +12.5% |
5+ Bedrooms | $745K | $1.6M | +118.1% |
Summary: Highlands housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.5%, 2 bedroom homes increased by 23%, 3 bedroom homes did not change, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 118.1%.
Median Sold Price Compared To Nearby Cities
Atlantic Highlands | $670K | $715K | +6.7% |
Highlands | $475K | $505K | +6.3% |
Middletown Township | $561.9K | $590.6K | +5.1% |
Sea Bright | $1.3M | $1.3M | +4.2% |
Housing Supply in Highlands, NJ
How many homes are available in Highlands, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 32 | +28.0% |
Summary: The Highlands real estate market had 32 homes for sale in May 2024, a 28.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 7 | 10 | +42.9% |
3 Bedrooms | 4 | 5 | +25.0% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Highlands housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 8 | +700.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Highlands in May 2024, up by 700.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 13% were sold at asking, and 75% were sold over asking.
Days on Market for Highlands, NJ
How long does it take to sell a home in Highlands, NJ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 24 Days | -5.3% |
Summary: Homes in Highlands had an average of 24 days on market in May 2024, down by 5.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Highlands; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.