Is Highland, CA 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 February 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, CA

How much do homes in Highland, CA cost?

Median Sold Price

$515,000

$315/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$10,000(-1.9%)

Key Takeaway

Homes in Highland have sold for 1.9% less than they did a year ago.

Summary: The median home sold price in Highland was $515,000 in February 2024, down 1.9% from last year, and the median price per square foot was $315.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $325K$220K
-32.3%
2 $350K$275K
-21.4%
3 $495K$485K
-2.0%
4 $590K$585K
-0.8%
5+ $700K$702.1K
0.3%

Summary: Highland housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.3%, 2 bedroom homes decreased by 21.4%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 0.3%.

Median Sold Price Compared To Nearby Cities

Redlands
+2.8%
San Bernardino
+1.6%
Big Bear
-0.8%
Highland
-1.9%

Housing Supply in Highland, CA

How many homes are available in Highland, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
131120-8.4%

Summary: The Highland real estate market had 120 homes for sale in February 2024, a 8.4% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 2624
-7.7%
3 4541
-8.9%
4 4141
0.0%
5+ 1712
-29.4%

Summary: The Highland housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 29.4%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2930+3.4%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

12 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. 40% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Highland in February 2024, up by 3.4% month-over-month. Of the 30 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Highland, CA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
47 Days37 Days-21.1%

Summary: Homes in Highland had an average of 37 days on market in Feb 2024, down by 21.1% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

3 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 February 2024, 30 homes were sold in Highland; 57% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 10% 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 4 Days Ago

Newest Listings in Highland, CA

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