Is Highland Heights, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Highland Heights was a Buyer's Market.
Key Takeaway
Highland Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Highland Heights, TN
How much do homes in Highland Heights, TN cost?
Median Sold Price
$349,950
$335/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Highland Heights have sold for 32.8% less than they did a year ago.
Summary: The median home sold price in Highland Heights was $349,950 in March 2024, down 32.8% from last year, and the median price per square foot was $335.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $460K | $260.2K | -43.4% |
| 2 Bedrooms | $400K | $377.4K | -5.7% |
| 3 Bedrooms | $550K | $510.5K | -7.2% |
| 4 Bedrooms | $705K | $682.5K | -3.2% |
| 5+ Bedrooms | $1.0M | $1.0M | +1.4% |
Summary: Highland Heights housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.4%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Neighborhoods
| East Nashville | $579.7K | $544.5K | -6.1% |
| Capitol View | $393.2K | $329.9K | -16.1% |
| Highland Heights | $521K | $349.9K | -32.8% |
Housing Supply in Highland Heights, TN
How many homes are available in Highland Heights, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 63 | 65 | +3.2% |
Summary: The Highland Heights real estate market had 65 homes for sale in March 2024, a 3.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 9 | -18.2% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 35 | 32 | -8.6% |
| 4 Bedrooms | 9 | 14 | +55.6% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Highland Heights housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.2%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Highland Heights, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Highland Heights in March 2024, the same as the previous month. Of the 13 sold homes, 38% were sold under asking, 38% were sold at asking, and 23% were sold over asking.
Days on Market for Highland Heights, TN
How long does it take to sell a home in Highland Heights, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 18 Days | 26 Days | +43.6% |
Summary: Homes in Highland Heights had an average of 26 days on market in Mar 2024, up by 43.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Highland Heights are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in Highland Heights; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.