Is Highland Park, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Highland Park is a buyer's market

Buyer's
Market

Difference Since April 2023

Since last year, Highland Park has remained a Buyer's Market.

Key Takeaway

Highland Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Highland Park, TX

How much do homes in Highland Park, TX cost?

Median Sold Price

$216,000

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$21,000(+10.8%)

Key Takeaway

Homes in Highland Park have sold for 10.8% more than they did a year ago.

Summary: The median home sold price in Highland Park was $216,000 in April 2024, up 10.8% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $75K-
N/A
2 $179.7K$156K
-13.2%
3 $224K$232K
+3.6%
4 $324.9K$280K
-13.8%
5+ -$288K
N/A

Summary: Highland Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.2%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Sunny Slope
+22.7%
Highland Park
+10.8%
Lavaca
-6.3%
Denver Heights
-8.9%

Housing Supply in Highland Park, TX

How many homes are available in Highland Park, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6366+4.8%

Summary: The Highland Park real estate market had 66 homes for sale in April 2024, a 4.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 1417
+21.4%
3 4446
+4.5%
4 21
-50.0%
5+ 32
-33.3%

Summary: The Highland Park 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 21.4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
93-66.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Highland Park, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Highland Park in April 2024, down by 66.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Highland Park, TX

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

Average Sale Time

Apr 2023Apr 2024CHANGE
46 Days52 Days+11.9%

Summary: Homes in Highland Park had an average of 52 days on market in Apr 2024, up by 11.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Highland Park has remained consistent over time.

Summary: During April 2024, 3 homes were sold in Highland Park; 0% of homes were sold within 30 days, 100% 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 8 Days Ago

Newest Listings in Highland Park, TX

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