Is Highland, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Highland is a seller's market

Buyer's
Market

Difference Since May 2021

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

Key Takeaway

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

How much do homes in Highland, MI cost?

Median Sold Price

$317,500

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$8,000(+2.6%)

Key Takeaway

Homes in Highland have sold for 2.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $155K$75K
-51.6%
2 $180K$179K
-0.6%
3 $271K$301K
+11.1%
4 $424K$512.5K
+20.9%
5+ $430K$638.7K
+48.5%

Median Sold Price Compared To Nearby Cities

Hartland
+27.2%
Hartland Township
+23.1%
Milford Charter Township
+17.0%
Highland
+2.6%
Highland Charter Township
+1.8%

How many homes are available in Highland, MI?

Number of Homes For Sale

Apr 2022May 2022%
5262+19.2%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 11
0.0%
2 64
-33.3%
3 3033
+10.0%
4 1318
+38.5%
5+ 26
+200.0%

Number of Homes Sold

Apr 2022May 2022%
1817-5.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Highland, you could pay more than the asking price. 58.8% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
16 Days16 Days+3.3%

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Highland are selling fast, if you're buying plan to act quickly.

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

About Highland, MI

Number of homes for sale in Highland, MI real estate market have reached 62. The number of listings in Highland, MI increased by 19.2% between April 2022 and May 2022. In May 2022 median list price was $317,500 and the average listing age was 16 days. Between April 2022 and May 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went down by 51.6%, prices of 2 bedrooms properties went down by 0.6%, the cost of 3 bedrooms properties went up by 11.1%, prices of 4 bedrooms properties went up by 20.9%, prices of 5 bedrooms properties increased by 48.5%. This housing market inventory have changed: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory decreased by 33.3%, 3 bedrooms homes inventory increased by 10%, 4 bedrooms homes inventory increased by 38.5%, the quantity of 5 bedrooms homes went up by 200%. Highland, MI housing market in May 2022 saw over 10 listings sold above listed price, more than 3 sold at listed price and over 4 sold below.

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