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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Highland is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Highland was a Seller's Market.

Key Takeaway

Highland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Highland, NY

How much do homes in Highland, NY cost?

Median Sold Price

$377,000

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$27,000(+7.7%)

Key Takeaway

Homes in Highland have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in Highland was $377,000 in April 2024, up 7.7% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $323K-
N/A
2 $260K$282K
+8.5%
3 $370K$405.5K
+9.6%
4 $423.2K$479K
+13.2%
5+ $385K$525.1K
+36.4%

Summary: Highland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 36.4%.

Median Sold Price Compared To Nearby Cities

Highland
+7.7%
Lloyd
+4.8%

Housing Supply in Highland, NY

How many homes are available in Highland, NY?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4647+2.2%

Summary: The Highland real estate market had 47 homes for sale in April 2024, a 2.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 118
-27.3%
3 2120
-4.8%
4 1217
+41.7%
5+ 22
0.0%

Summary: The Highland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 27.3%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
115-54.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Highland, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Highland in April 2024, down by 54.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.

Days on Market for Highland, NY

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

Average Sale Time

Apr 2023Apr 2024CHANGE
41 Days61 Days+47.7%

Summary: Homes in Highland had an average of 61 days on market in Apr 2024, up by 47.7% compared to last year.

Breakdown of Home Sale Times

2 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 April 2024, 5 homes were sold in Highland; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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 Apr 1, 2024

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