Is Highland Park, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Highland Park has remained a Seller's Market.
Housing Prices in Highland Park, CA
How much do homes in Highland Park, CA cost?
Median Sold Price
$1,134,000
$888/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Highland Park was $1,134,000 in March 2024, up 3.1% from last year, and the median price per square foot was $888.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $730.5K | $725K | -0.8% |
2 Bedrooms | $870K | $927.5K | +6.6% |
3 Bedrooms | $1.2M | $1.1M | -1.0% |
4 Bedrooms | $1.4M | $1.4M | +4.1% |
5+ Bedrooms | $1.1M | $1.4M | +26.3% |
Summary: Highland Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 6.6%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 26.3%.
Median Sold Price Compared To Nearby Neighborhoods
Montecito Heights | $740K | $775K | +4.7% |
Highland Park | $1.1M | $1.1M | +3.1% |
Northeast LA | $1.1M | $1.1M | 0.1% |
Mount Washington | $1.2M | $1.1M | -6.2% |
Eagle Rock | $1.3M | $1.2M | -6.7% |
Housing Supply in Highland Park, CA
How many homes are available in Highland Park, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 34 | +13.3% |
Summary: The Highland Park real estate market had 34 homes for sale in March 2024, a 13.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 18 | 20 | +11.1% |
4 Bedrooms | 1 | 3 | +200.0% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Highland Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 6 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Highland Park in March 2024, down by 25.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for Highland Park, CA
How long does it take to sell a home in Highland Park, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 11 Days | -70.7% |
Summary: Homes in Highland Park had an average of 11 days on market in Mar 2024, down by 70.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Highland Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.