Is Highlands, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Highlands was a Seller's Market.
Key Takeaway
Highlands is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Highlands, FL
How much do homes in Highlands, FL cost?
Median Sold Price
$215,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Highlands have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Highlands was $215,000 in May 2024, up 7.5% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $132.5K | $161K | +21.5% |
| 3 Bedrooms | $194.5K | $195K | 0.3% |
| 4 Bedrooms | $248.7K | $254.5K | +2.3% |
| 5+ Bedrooms | $299K | $270K | -9.7% |
Summary: Highlands housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.5%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 9.7%.
Housing Supply in Highlands, FL
How many homes are available in Highlands, FL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 57 | 61 | +7.0% |
Summary: The Highlands real estate market had 61 homes for sale in May 2024, a 7.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 31 | 35 | +12.9% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Highlands housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 10 | +11.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Highlands, you may be able to get a good deal. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Highlands in May 2024, up by 11.1% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% were sold over asking.
Days on Market for Highlands, FL
How long does it take to sell a home in Highlands, FL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 58 Days | 66 Days | +13.7% |
Summary: Homes in Highlands had an average of 66 days on market in May 2024, up by 13.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Highlands has remained consistent over time.
Summary: During May 2024, 10 homes were sold in Highlands; 30% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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