Is Highland, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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, CA
How much do homes in Highland, CA cost?
Median Sold Price
$515,500
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Highland have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in Highland was $515,500 in May 2024, down 1.8% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | $267.5K | -17.7% |
| 2 Bedrooms | $340K | $287.5K | -15.4% |
| 3 Bedrooms | $495K | $490K | -1.0% |
| 4 Bedrooms | $585K | $582.5K | -0.4% |
| 5+ Bedrooms | $705K | $712.5K | +1.1% |
Summary: Highland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.7%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
| Redlands | $580.9K | $622.6K | +7.2% |
| San Bernardino | $454.9K | $472.5K | +3.9% |
| Big Bear | $449.4K | $449.2K | -0.1% |
| Highland | $525K | $515.5K | -1.8% |
Housing Supply in Highland, CA
How many homes are available in Highland, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 168 | 153 | -8.9% |
Summary: The Highland real estate market had 153 homes for sale in May 2024, a 8.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 28 | 28 | 0.0% |
| 3 Bedrooms | 44 | 39 | -11.4% |
| 4 Bedrooms | 71 | 61 | -14.1% |
| 5+ Bedrooms | 25 | 24 | -4.0% |
Summary: The Highland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.4%, 4 bedroom homes decreased by 14.1%, and 5+ bedroom homes decreased by 4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 52 | 40 | -23.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Highland, you could pay more than the asking price. 55% of homes here sold above asking price last month.
Summary: A total of 40 homes were sold or pending in Highland in May 2024, down by 23.1% month-over-month. Of the 40 sold homes, 33% were sold under asking, 13% were sold at asking, and 55% were sold over asking.
Days on Market for Highland, CA
How long does it take to sell a home in Highland, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 44 Days | 23 Days | -46.1% |
Summary: Homes in Highland had an average of 23 days on market in May 2024, down by 46.1% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Highland are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 40 homes were sold in Highland; 75% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.