Is Highland, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Highland has remained a Seller's Market.
Housing Prices in Highland, MI
How much do homes in Highland, MI cost?
Median Sold Price
$350,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Highland was $350,000 in March 2024, up 12.7% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $244K | - | N/A |
2 Bedrooms | $181.9K | $193K | +6.1% |
3 Bedrooms | $280K | $323.2K | +15.4% |
4 Bedrooms | $480K | $441K | -8.1% |
5+ Bedrooms | $446.2K | $490K | +9.8% |
Summary: Highland housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes increased by 9.8%.
Median Sold Price Compared To Nearby Cities
Milford Charter Township | $415K | $485K | +16.9% |
Highland | $310.5K | $350K | +12.7% |
White Lake Charter Township | $350K | $386.9K | +10.5% |
Highland Charter Township | $320.6K | $350K | +9.1% |
Hartland Township | $395K | $426.5K | +8.0% |
Housing Supply in Highland, MI
How many homes are available in Highland, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 41 | +57.7% |
Summary: The Highland real estate market had 41 homes for sale in March 2024, a 57.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 14 | 23 | +64.3% |
4 Bedrooms | 7 | 11 | +57.1% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Highland housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 64.3%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 11 | +175.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Highland in March 2024, up by 175.0% month-over-month. Of the 11 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% were sold over asking.
Days on Market for Highland, MI
How long does it take to sell a home in Highland, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
157 Days | 14 Days | -90.7% |
Summary: Homes in Highland had an average of 14 days on market in Mar 2024, down by 90.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Highland; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.