Is Highland, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Highland has remained a Seller'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, MI
How much do homes in Highland, MI cost?
Median Sold Price
$330,000
$196/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since April 2023.
Key Takeaway
The sold price of homes in Highland has remained the same since last year.
Summary: The median home sold price in Highland was $330,000 in April 2024, the same as last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $244K | - | N/A |
| 2 Bedrooms | $177.4K | $185K | +4.3% |
| 3 Bedrooms | $280K | $304.5K | +8.8% |
| 4 Bedrooms | $474.9K | $450K | -5.3% |
| 5+ Bedrooms | $485.5K | $470K | -3.2% |
Summary: Highland 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 increased by 4.3%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Cities
| Milford Charter Township | $415K | $480K | +15.7% |
| Hartland Township | $385K | $425K | +10.4% |
| White Lake Charter Township | $350K | $385.8K | +10.2% |
| Highland Charter Township | $331K | $339.7K | +2.6% |
| Highland | $330K | $330K | 0.0% |
Housing Supply in Highland, MI
How many homes are available in Highland, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 45 | 57 | +26.7% |
Summary: The Highland real estate market had 57 homes for sale in April 2024, a 26.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 7 | +75.0% |
| 3 Bedrooms | 26 | 27 | +3.8% |
| 4 Bedrooms | 11 | 19 | +72.7% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Highland 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 75%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 72.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 17 | +41.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Highland, you could pay more than the asking price. 41.2% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Highland in April 2024, up by 41.7% month-over-month. Of the 17 sold homes, 35% were sold under asking, 24% were sold at asking, and 41% were sold over asking.
Days on Market for Highland, MI
How long does it take to sell a home in Highland, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 193 Days | 15 Days | -91.8% |
Summary: Homes in Highland had an average of 15 days on market in Apr 2024, down by 91.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Highland are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in Highland; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
