Is Highland Beach, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Highland Beach was a Seller's Market.
Housing Prices in Highland Beach, FL
How much do homes in Highland Beach, FL cost?
Median Sold Price
$925,000
$626/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Highland Beach was $925,000 in May 2024, up 1.1% from last year, and the median price per square foot was $626.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $457.5K | $515.8K | +12.8% |
2 Bedrooms | $765K | $790K | +3.3% |
3 Bedrooms | $1.7M | $1.8M | +2.7% |
4 Bedrooms | $5.6M | $4.0M | -28.4% |
5+ Bedrooms | $7.5M | $18.7M | +148.5% |
Summary: Highland Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 28.4%, and 5+ bedroom homes increased by 148.5%.
Median Sold Price Compared To Nearby Cities
Boca Raton | $597.9K | $612.3K | +2.4% |
Highland Beach | $915K | $925K | +1.1% |
Housing Supply in Highland Beach, FL
How many homes are available in Highland Beach, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
138 | 138 | 0.0% |
Summary: The Highland Beach real estate market had 138 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 78 | 82 | +5.1% |
3 Bedrooms | 44 | 37 | -15.9% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Highland Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 5.1%, 3 bedroom homes decreased by 15.9%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 13 | -35.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Highland Beach in May 2024, down by 35.0% month-over-month. Of the 13 sold homes, 85% were sold under asking, 8% were sold at asking, and 8% were sold over asking.
Days on Market for Highland Beach, FL
How long does it take to sell a home in Highland Beach, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
77 Days | 118 Days | +53.2% |
Summary: Homes in Highland Beach had an average of 118 days on market in May 2024, up by 53.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Highland Beach; 31% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 62% of homes were sold over 90 days.