Is Highland, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
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
How much do homes in Highland, CO cost?
Median Sold Price
$855,750
$547/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Highland have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Highland was $855,750 in August 2023, up 6.9% from last year, and the median price per square foot was $547.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $488K | $450K | -7.8% |
| 2 Bedrooms | $682.2K | $692.5K | +1.5% |
| 3 Bedrooms | $975K | $1.0M | +6.6% |
| 4 Bedrooms | $1.2M | $1.3M | +11.9% |
| 5+ Bedrooms | $2.5M | $1.3M | -48.5% |
Summary: Highland housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes decreased by 48.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Highland | $800.7K | $855.7K | +6.9% |
| Union | $672.7K | $708K | +5.2% |
Housing Supply
How many homes are available in Highland, CO?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 99 | 100 | +1.0% |
Summary: The Highland real estate market had 100 homes for sale in August 2023, a 1.0% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 12 | +33.3% |
| 2 Bedrooms | 24 | 21 | -12.5% |
| 3 Bedrooms | 41 | 38 | -7.3% |
| 4 Bedrooms | 20 | 21 | +5.0% |
| 5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Highland housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 35 | 19 | -45.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Highland, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Highland in August 2023, down by 45.7% month-over-month. Of the 19 sold homes, 53% were sold under asking, 16% were sold at asking, and 32% were sold over asking.
Days on Market
How long does it take to sell a home in Highland, CO?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 18 Days | 27 Days | +45.9% |
Summary: Homes in Highland had an average of 27 days on market in Aug 2023, up by 45.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Highland are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 19 homes were sold in Highland; 42% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
©2023 METROLIST, INC., DBA RECOLORADO® - All Rights Reserved. 