Is Highland Heights, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Highland Heights is a buyer's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Highland Heights, TN

How much do homes in Highland Heights, TN cost?

Median Sold Price

$476,000

$345/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$126,100(+36.0%)

Key Takeaway

Homes in Highland Heights have sold for 36% more than they did a year ago.

Summary: The median home sold price in Highland Heights was $476,000 in September 2024, up 36% from last year, and the median price per square foot was $345.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $240K$310K
+29.2%
2 $392.5K$415K
+5.7%
3 $510.5K$545K
+6.8%
4 $600K$757.5K
+26.3%
5+ $1.6M$922.5K
-42.9%

Summary: Highland Heights housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.2%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes decreased by 42.9%.

Median Sold Price Compared To Nearby Neighborhoods

Highland Heights
+36.0%
Capitol View
+18.3%
Cleveland Park
+10.0%
East Nashville
+3.9%

Housing Supply in Highland Heights, TN

How many homes are available in Highland Heights, TN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
8178-3.7%

Summary: The Highland Heights real estate market had 78 homes for sale in September 2024, a 3.7% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 148
-42.9%
2 1612
-25.0%
3 2931
+6.9%
4 2126
+23.8%
5+ 11
0.0%

Summary: The Highland Heights housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
187-61.1%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 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 Heights, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Highland Heights in September 2024, down by 61.1% month-over-month. Of the 7 sold homes, 29% were sold under asking, 57% were sold at asking, and 14% 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

Sep 2023Sep 2024CHANGE
9 Days15 Days+69.9%

Summary: Homes in Highland Heights had an average of 15 days on market in Sep 2024, up by 69.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Highland Heights are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 7 homes were sold in Highland Heights; 86% of homes were sold within 30 days, 14% 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 30 Days Ago

Newest Listings in Highland Heights, TN

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