Is Highlands, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Highlands was a Seller's Market.
Housing Prices in Highlands, NJ
How much do homes in Highlands, NJ cost?
Median Sold Price
$508,750
$385/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Highlands was $508,750 in April 2024, up 9.5% from last year, and the median price per square foot was $385.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $255K | $315K | +23.5% |
2 Bedrooms | $408K | $507.5K | +24.4% |
3 Bedrooms | $595K | $592.5K | -0.4% |
4 Bedrooms | $671K | $715K | +6.6% |
5+ Bedrooms | $745K | $1.6M | +118.1% |
Summary: Highlands housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.5%, 2 bedroom homes increased by 24.4%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 118.1%.
Median Sold Price Compared To Nearby Cities
Atlantic Highlands | $608.7K | $715K | +17.5% |
Highlands | $464.5K | $508.7K | +9.5% |
Sea Bright | $1.2M | $1.3M | +7.1% |
Middletown Township | $562K | $585K | +4.1% |
Housing Supply in Highlands, NJ
How many homes are available in Highlands, NJ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 21 | +61.5% |
Summary: The Highlands real estate market had 21 homes for sale in April 2024, a 61.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 3 | 6 | +100.0% |
3 Bedrooms | 0 | 3 | +100.0% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Highlands housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Highlands in April 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 21 Days | -40.7% |
Summary: Homes in Highlands had an average of 21 days on market in Apr 2024, down by 40.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in Highlands; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.