Is Highlands, NJ 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, Highlands has remained a Seller's Market.
Housing Prices in Highlands, NJ
How much do homes in Highlands, NJ cost?
Median Sold Price
$500,000
$383/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Highlands was $500,000 in March 2024, up 5.5% from last year, and the median price per square foot was $383.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $255K | $304.9K | +19.6% |
2 Bedrooms | $402.5K | $502.5K | +24.8% |
3 Bedrooms | $590K | $592.5K | 0.4% |
4 Bedrooms | $667K | $707.4K | +6.1% |
5+ Bedrooms | $745K | $1.6M | +118.1% |
Summary: Highlands housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.6%, 2 bedroom homes increased by 24.8%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 118.1%.
Median Sold Price Compared To Nearby Cities
Sea Bright | $1.0M | $1.3M | +28.6% |
Atlantic Highlands | $607.5K | $699K | +15.1% |
Highlands | $474K | $500K | +5.5% |
Middletown Township | $561.6K | $583.2K | +3.8% |
Housing Supply in Highlands, NJ
How many homes are available in Highlands, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 14 | 0.0% |
Summary: The Highlands real estate market had 14 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 4 | -33.3% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 3 | 2 | -33.3% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Highlands housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Highlands in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Highlands, NJ
How long does it take to sell a home in Highlands, NJ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
20 Days | 48 Days | +138.0% |
Summary: Homes in Highlands had an average of 48 days on market in Mar 2024, up by 138% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Highlands; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.