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

Housing Market Conditions



Gauge showing Highland is a seller's market


Difference Since August 2022

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.

Housing Prices

How much do homes in Highland, MI cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Highland have sold for 3.7% less than they did a year ago.

Summary: The median home sold price in Highland was $313,000 in August 2023, down 3.7% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $165K$323K
2 $184K$179.4K
3 $292.5K$275K
4 $480K$450K
5+ $640K$450K

Summary: Highland housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 95.8%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes decreased by 29.7%.

Median Sold Price Compared To Nearby Cities

Hartland Township
Milford Charter Township
White Lake Charter Township
Highland Charter Township

Housing Supply

How many homes are available in Highland, MI?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Highland real estate market had 66 homes for sale in August 2023, a 15.8% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 00
2 108
3 2831
4 1421
5+ 56

Summary: The Highland housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 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. 47.1% of homes here sold above asking price last month.

Summary: A total of 17 homes were sold or pending in Highland in August 2023, up by 6.3% month-over-month. Of the 17 sold homes, 29% were sold under asking, 24% were sold at asking, and 47% were sold over asking.

Days on Market

How long does it take to sell a home in Highland, MI?

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

7 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.

Summary: During August 2023, 17 homes were sold in Highland; 59% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 30 Days Ago

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Nearby Markets

What housing markets are near Highland, MI?