Is Highland Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$925,000
$633/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Highland Beach have sold for 3% more than they did a year ago.
Summary: The median home sold price in Highland Beach was $925,000 in June 2024, up 3% from last year, and the median price per square foot was $633.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $465K | $515.8K | +10.9% |
| 2 Bedrooms | $765K | $766K | 0.1% |
| 3 Bedrooms | $1.8M | $1.8M | +2.2% |
| 4 Bedrooms | $2.9M | $4.0M | +35.1% |
| 5+ Bedrooms | $8.5M | $20.6M | +142.7% |
Summary: Highland Beach housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 35.1%, and 5+ bedroom homes increased by 142.7%.
Median Sold Price Compared To Nearby Cities
| Boca Raton | $594.8K | $626.5K | +5.3% |
| Highland Beach | $898K | $925K | +3.0% |
Housing Supply in Highland Beach, FL
How many homes are available in Highland Beach, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 131 | 132 | +0.8% |
Summary: The Highland Beach real estate market had 132 homes for sale in June 2024, a 0.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 80 | 81 | +1.3% |
| 3 Bedrooms | 34 | 35 | +2.9% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Highland Beach housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 15 | 9 | -40.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Highland Beach, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Highland Beach in June 2024, down by 40.0% month-over-month. Of the 9 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 73 Days | 118 Days | +60.1% |
Summary: Homes in Highland Beach had an average of 118 days on market in Jun 2024, up by 60.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Highland Beach are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During June 2024, 9 homes were sold in Highland Beach; 33% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.