Is Highland, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Highland was a Seller's Market.
Key Takeaway
Highland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Highland, LA
How much do homes in Highland, LA cost?
Median Sold Price
$88,750
$56/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Highland have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Highland was $88,750 in April 2024, up 0.6% from last year, and the median price per square foot was $56.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $57K | - | N/A |
| 2 Bedrooms | $73K | $78K | +6.8% |
| 3 Bedrooms | $106K | $105K | -0.9% |
| 4 Bedrooms | $105K | $90K | -14.3% |
| 5+ Bedrooms | $162.5K | $127K | -21.8% |
Summary: Highland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.8%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 21.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Stoner Hill | $240.2K | $248.5K | +3.5% |
| Highland | $88.2K | $88.7K | +0.6% |
| Fairfield | $189K | $173.1K | -8.4% |
Housing Supply in Highland, LA
How many homes are available in Highland, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 56 | 57 | +1.8% |
Summary: The Highland real estate market had 57 homes for sale in April 2024, a 1.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 27 | 27 | 0.0% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Highland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
6 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, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Highland in April 2024, down by 14.3% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Highland, LA
How long does it take to sell a home in Highland, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 69 Days | 139 Days | +100.4% |
Summary: Homes in Highland had an average of 139 days on market in Apr 2024, up by 100.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Highland are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 6 homes were sold in Highland; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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