Is Highland Beach, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Highland Beach is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Highland Beach has remained a Seller's Market.

Key Takeaway

Highland Beach is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Highland Beach, FL cost?

Median Sold Price

$820,000

$519/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$135,937(+19.9%)

Key Takeaway

Homes in Highland Beach have sold for 19.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $313.5K$370K
+18.0%
2 $575K$680K
+18.3%
3 $915K$1.4M
+61.2%
4 $2.1M$5.8M
+172.1%
5+ $4.9M$8.5M
+71.7%

Median Sold Price Compared To Nearby Cities

Boynton Beach-Delray Beach
+24.3%
Boca Raton
+21.4%
Highland Beach
+19.9%
Delray Beach
+17.4%

How many homes are available in Highland Beach, FL?

Number of Homes For Sale

Jul 2022Aug 2022%
8176-6.2%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 98
-11.1%
2 4744
-6.4%
3 1312
-7.7%
4 66
0.0%
5+ 66
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
916+77.8%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Highland Beach, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
37 Days37 Days-1.0%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Highland Beach has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Highland Beach, FL

Homes for sale in Highland Beach, FL have reached 76. The inventory of homes for sale in Highland Beach, FL between July 2022 and August 2022 decreased by 6.2%. Listings spent 37 days on the market in August 2022, and had a median list price of $820,000 during the same period. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 18%, 2 bedrooms properties prices increased by 18.3%, 3 bedrooms properties prices increased by 61.2%, the cost of 4 bedrooms properties went up by 172.1%, 5 bedrooms properties prices increased by 71.7%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes went down by 11.1%, volume of 2 bedrooms homes went down by 6.4%, 3 bedrooms homes inventory decreased by 7.7%, the quantity of 4 bedrooms homes have not changed, 5 bedrooms homes did not move. Highland Beach, FL housing market in August 2022 saw over 2 listings sold above listed price, more than 2 sold at listed price and over 12 sold below.

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