Is Highland Lakes, NJ 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 Lakes was a Seller's Market.
Key Takeaway
Highland Lakes is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Highland Lakes, NJ
How much do homes in Highland Lakes, NJ cost?
Median Sold Price
$350,000
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Highland Lakes have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in Highland Lakes was $350,000 in April 2024, up 12.2% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $240K | -9.4% |
| 2 Bedrooms | $250K | $256.5K | +2.6% |
| 3 Bedrooms | $325K | $355K | +9.2% |
| 4 Bedrooms | $375K | $405K | +8.0% |
| 5+ Bedrooms | - | $435K | N/A |
Summary: Highland Lakes housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.4%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Vernon | $220K | $251K | +14.1% |
| Highland Lakes | $312K | $350K | +12.2% |
| Vernon Township | $285K | $318.3K | +11.7% |
| Hewitt | $366K | $397K | +8.5% |
Housing Supply in Highland Lakes, NJ
How many homes are available in Highland Lakes, NJ?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 42 | +5.0% |
Summary: The Highland Lakes real estate market had 42 homes for sale in April 2024, a 5.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 18 | +28.6% |
| 3 Bedrooms | 22 | 18 | -18.2% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Highland Lakes 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 increased by 28.6%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 4 | -63.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Highland Lakes, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Highland Lakes in April 2024, down by 63.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Highland Lakes, NJ
We’re sorry, we don't have information for this market at the moment
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.