Is Highlands Ranch, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Highlands Ranch has remained a Seller's Market.
Key Takeaway
Highlands Ranch is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Highlands Ranch, CO
How much do homes in Highlands Ranch, CO cost?
Median Sold Price
$705,000
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Highlands Ranch have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Highlands Ranch was $705,000 in April 2024, down 1.4% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $311.5K | $320K | +2.7% |
| 2 Bedrooms | $541.2K | $525K | -3.0% |
| 3 Bedrooms | $630K | $631K | 0.2% |
| 4 Bedrooms | $725K | $730K | +0.7% |
| 5+ Bedrooms | $950K | $976.2K | +2.8% |
Summary: Highlands Ranch housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Highlands Ranch | $715K | $705K | -1.4% |
| Kentley Hills | $840K | $815K | -3.0% |
Housing Supply in Highlands Ranch, CO
How many homes are available in Highlands Ranch, CO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 208 | 350 | +68.3% |
Summary: The Highlands Ranch real estate market had 350 homes for sale in April 2024, a 68.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 20 | 38 | +90.0% |
| 3 Bedrooms | 54 | 87 | +61.1% |
| 4 Bedrooms | 60 | 98 | +63.3% |
| 5+ Bedrooms | 70 | 121 | +72.9% |
Summary: The Highlands Ranch housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 90%, 3 bedroom homes increased by 61.1%, 4 bedroom homes increased by 63.3%, and 5+ bedroom homes increased by 72.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 44 | 101 | +129.5% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Highlands Ranch, you could pay more than the asking price. 44.6% of homes here sold above asking price last month.
Summary: A total of 101 homes were sold or pending in Highlands Ranch in April 2024, up by 129.5% month-over-month. Of the 101 sold homes, 33% were sold under asking, 23% were sold at asking, and 45% were sold over asking.
Days on Market for Highlands Ranch, CO
How long does it take to sell a home in Highlands Ranch, CO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 11 Days | 12 Days | +4.2% |
Summary: Homes in Highlands Ranch had an average of 12 days on market in Apr 2024, up by 4.2% compared to last year.
Breakdown of Home Sale Times
91 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Highlands Ranch are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 101 homes were sold in Highlands Ranch; 90% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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