Is Highland Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Highland Beach was a Seller's Market.
Key Takeaway
Highland Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Highland Beach, FL
How much do homes in Highland Beach, FL cost?
Median Sold Price
$907,500
$600/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Highland Beach have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Highland Beach was $907,500 in March 2024, down 1.9% from last year, and the median price per square foot was $600.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $437.2K | $536.2K | +22.6% |
| 2 Bedrooms | $763.7K | $792.5K | +3.8% |
| 3 Bedrooms | $1.5M | $1.8M | +16.5% |
| 4 Bedrooms | $5.8M | $3.8M | -33.6% |
| 5+ Bedrooms | $8.0M | $18.7M | +133.8% |
Summary: Highland Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.6%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 16.5%, 4 bedroom homes decreased by 33.6%, and 5+ bedroom homes increased by 133.8%.
Median Sold Price Compared To Nearby Cities
| Highland Beach | $925K | $907.5K | -1.9% |
| Boca Raton | $628.1K | $601K | -4.3% |
Housing Supply in Highland Beach, FL
How many homes are available in Highland Beach, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 125 | 132 | +5.6% |
Summary: The Highland Beach real estate market had 132 homes for sale in March 2024, a 5.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 70 | 78 | +11.4% |
| 3 Bedrooms | 37 | 34 | -8.1% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Highland Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.4%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Highland Beach, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Highland Beach in March 2024, down by 22.2% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.
Days on Market for Highland Beach, FL
How long does it take to sell a home in Highland Beach, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 61 Days | 66 Days | +8.4% |
Summary: Homes in Highland Beach had an average of 66 days on market in Mar 2024, up by 8.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Highland Beach are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Highland Beach; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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