Is Highland, SC 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 March 2023

At the same time last year, Highland was a Buyer's Market.

Key Takeaway

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

Housing Prices in Highland, SC

How much do homes in Highland, SC cost?

Median Sold Price

$382,916

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$67,083(-14.9%)

Key Takeaway

Homes in Highland have sold for 14.9% less than they did a year ago.

Summary: The median home sold price in Highland was $382,916 in March 2024, down 14.9% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$295K
N/A
2 $240K$286.7K
+19.5%
3 $324.5K$328.2K
+1.2%
4 $519K$503.7K
-2.9%
5+ $977.5K$677.5K
-30.7%

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 19.5%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 30.7%.

Median Sold Price Compared To Nearby Cities

Tryon
+28.6%
Landrum
+17.0%
Gramling
+8.1%
Highland
-14.9%

Housing Supply in Highland, SC

How many homes are available in Highland, SC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
124145+16.9%

Summary: The Highland real estate market had 145 homes for sale in March 2024, a 16.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 02
+100.0%
2 88
0.0%
3 5057
+14.0%
4 4453
+20.5%
5+ 2225
+13.6%

Summary: The Highland housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 13.6%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1626+62.5%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Highland, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Highland in March 2024, up by 62.5% month-over-month. Of the 26 sold homes, 69% were sold under asking, 15% were sold at asking, and 15% were sold over asking.

Days on Market for Highland, SC

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

Average Sale Time

Mar 2023Mar 2024CHANGE
33 Days17 Days-45.8%

Summary: Homes in Highland had an average of 17 days on market in Mar 2024, down by 45.8% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 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 March 2024, 26 homes were sold in Highland; 27% of homes were sold within 30 days, 8% 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 23 Days Ago

Newest Listings in Highland, SC

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