Is Highland Park, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Highland Park has remained a Seller's Market.
Housing Prices in Highland Park, NJ
How much do homes in Highland Park, NJ cost?
Median Sold Price
$501,000
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Highland Park was $501,000 in April 2024, up 7.9% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $187K | $216K | +15.5% |
2 Bedrooms | $325K | $395K | +21.5% |
3 Bedrooms | $465K | $501K | +7.7% |
4 Bedrooms | $555K | $535K | -3.6% |
5+ Bedrooms | $659K | $710K | +7.7% |
Summary: Highland Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.5%, 2 bedroom homes increased by 21.5%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
New Brunswick | $320K | $367.5K | +14.8% |
Edison Township | $487.8K | $537.5K | +10.2% |
Edison | $488.6K | $537.1K | +9.9% |
Piscataway | $453.2K | $490K | +8.1% |
Highland Park | $464.5K | $501K | +7.9% |
Housing Supply in Highland Park, NJ
How many homes are available in Highland Park, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 39 | -2.5% |
Summary: The Highland Park real estate market had 39 homes for sale in April 2024, a 2.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 17 | 12 | -29.4% |
4 Bedrooms | 12 | 11 | -8.3% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Highland Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 29.4%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Highland Park in April 2024, the same as the previous month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Highland Park, NJ
How long does it take to sell a home in Highland Park, NJ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 36 Days | -42.2% |
Summary: Homes in Highland Park had an average of 36 days on market in Apr 2024, down by 42.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Highland Park; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.