Is Highland, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Highland is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Highland was a Seller's Market.

Key Takeaway

Highland is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Highland, CO

How much do homes in Highland, CO cost?

Median Sold Price

$878,100

$527/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$28,100(+3.3%)

Key Takeaway

Homes in Highland have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in Highland was $878,100 in November 2024, up 3.3% from last year, and the median price per square foot was $527.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $450K$460K
+2.2%
2 $708.7K$681.2K
-3.9%
3 $1.0M$1.0M
-3.4%
4 $1.3M$1.3M
+3.1%
5+ $1.3M$1.2M
-2.8%

Summary: Highland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 2.8%.

Housing Supply in Highland, CO

How many homes are available in Highland, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9279-14.1%

Summary: The Highland real estate market had 79 homes for sale in November 2024, a 14.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1717
0.0%
2 2516
-36.0%
3 3028
-6.7%
4 1616
0.0%
5+ 42
-50.0%

Summary: The Highland housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 36%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2113-38.1%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 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, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Highland in November 2024, down by 38.1% month-over-month. Of the 13 sold homes, 54% were sold under asking, 38% were sold at asking, and 8% 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

Nov 2023Nov 2024CHANGE
53 Days52 Days-2.9%

Summary: Homes in Highland had an average of 52 days on market in Nov 2024, down by 2.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 13 homes were sold in Highland; 46% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 23% 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 21 Days Ago

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