$2,791 Closing Credit*
$235,000
907 SqFt
1 Bed
•1 Full Bath
Nancy A Fleming, Listing Office: Compass
Is The Highlands, DE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, The Highlands has remained a Seller's Market.
Key Takeaway
The Highlands is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in The Highlands, DE
How much do homes in The Highlands, DE cost?
Median Sold Price
$415,000
$275/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,000(+9.2%)
Key Takeaway
Homes in The Highlands have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in The Highlands was $415,000 in October 2024, up 9.2% from last year, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $169K | $169.9K | +0.6% |
| 2 Bedrooms | $253.5K | $330.2K | +30.3% |
| 3 Bedrooms | $515K | $530K | +2.9% |
| 4 Bedrooms | $725K | $770K | +6.2% |
| 5+ Bedrooms | $1.3M | $1.0M | -21.9% |
Summary: The Highlands housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes increased by 30.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 21.9%.
Housing Supply in The Highlands, DE
How many homes are available in The Highlands, DE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Summary: The The Highlands real estate market had 20 homes for sale in October 2024, a 13.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The The Highlands 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 decreased by 16.7%, 3 bedroom homes decreased by 40%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Highlands, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in The Highlands in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for The Highlands, DE
How long does it take to sell a home in The Highlands, DE?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 21 Days | -36.3% |
Summary: Homes in The Highlands had an average of 21 days on market in Oct 2024, down by 36.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in The Highlands are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in The Highlands; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
