$4,453 Closing Credit*
$375,000
530 SqFt
1 Bed
•1 Full Bath
Amanda Maxwell, Listing Office: RE/MAX of Cherry Creek
Is Highland, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Highland was a Neutral Market.
Key Takeaway
Highland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Highland, CO
How much do homes in Highland, CO cost?
Median Sold Price
$890,000
$528/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$40,000(+4.7%)
Key Takeaway
Homes in Highland have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Highland was $890,000 in October 2024, up 4.7% from last year, and the median price per square foot was $528.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $453.5K | $445K | -1.9% |
| 2 Bedrooms | $700K | $670K | -4.3% |
| 3 Bedrooms | $1.0M | $1.0M | 0.0% |
| 4 Bedrooms | $1.3M | $1.3M | +1.5% |
| 5+ Bedrooms | $1.3M | $1.2M | -2.8% |
Summary: Highland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Highland | $850K | $890K | +4.7% |
| Witter | $1.1M | $1.0M | -12.8% |
Housing Supply in Highland, CO
How many homes are available in Highland, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 91 | 100 | +9.9% |
Summary: The Highland real estate market had 100 homes for sale in October 2024, a 9.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 19 | 0.0% |
| 2 Bedrooms | 24 | 27 | +12.5% |
| 3 Bedrooms | 27 | 33 | +22.2% |
| 4 Bedrooms | 16 | 18 | +12.5% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Highland housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 18 | +28.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Highland, you may be able to get a good deal. 72.2% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Highland in October 2024, up by 28.6% month-over-month. Of the 18 sold homes, 72% were sold under asking, 28% were sold at asking, and 0% were sold over asking.
Days on Market for Highland, CO
How long does it take to sell a home in Highland, CO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 38 Days | +30.2% |
Summary: Homes in Highland had an average of 38 days on market in Oct 2024, up by 30.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 18 homes were sold in Highland; 61% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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