Is Highland, CO 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 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, CO
How much do homes in Highland, CO cost?
Median Sold Price
$850,000
$521/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Highland have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Highland was $850,000 in March 2024, up 1.3% from last year, and the median price per square foot was $521.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $487K | $457K | -6.2% |
| 2 Bedrooms | $677K | $700K | +3.4% |
| 3 Bedrooms | $1.0M | $1.0M | +5.9% |
| 4 Bedrooms | $1.3M | $1.3M | +2.1% |
| 5+ Bedrooms | $2.0M | $1.3M | -30.7% |
Summary: Highland housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.2%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 30.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Highland | $839K | $850K | +1.3% |
| Witter | $1.1M | $1.1M | -0.4% |
Housing Supply in Highland, CO
How many homes are available in Highland, CO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 90 | 110 | +22.2% |
Summary: The Highland real estate market had 110 homes for sale in March 2024, a 22.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 10 | +66.7% |
| 2 Bedrooms | 28 | 35 | +25.0% |
| 3 Bedrooms | 30 | 34 | +13.3% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 11 | 16 | +45.5% |
Summary: The Highland housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 13.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 45.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 23 | +15.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Highland, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Highland in March 2024, up by 15.0% month-over-month. Of the 23 sold homes, 48% were sold under asking, 35% were sold at asking, and 17% were sold over asking.
Days on Market for Highland, CO
How long does it take to sell a home in Highland, CO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 55 Days | 43 Days | -22.3% |
Summary: Homes in Highland had an average of 43 days on market in Mar 2024, down by 22.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Highland are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 23 homes were sold in Highland; 61% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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