$9,380 Closing Credit*
$789,900
3,200 SqFt
4 Beds
•3 Full Baths, 1 Partial
Stephen Oaks, Listing Office: RE/MAX Classic
Is Highland, MI 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 Seller's Market.
Key Takeaway
Highland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Highland, MI
How much do homes in Highland, MI cost?
Median Sold Price
$347,500
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,500(+8.9%)
Key Takeaway
Homes in Highland have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Highland was $347,500 in October 2024, up 8.9% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $323K | $313.9K | -2.8% |
| 2 Bedrooms | $181K | $192.1K | +6.1% |
| 3 Bedrooms | $282.5K | $324.1K | +14.7% |
| 4 Bedrooms | $447.5K | $525K | +17.3% |
| 5+ Bedrooms | $485.5K | $648K | +33.5% |
Summary: Highland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 33.5%.
Median Sold Price Compared To Nearby Cities
| Milford Charter Township | $446K | $490K | +9.9% |
| Highland | $319K | $347.5K | +8.9% |
| Highland Charter Township | $330K | $342.5K | +3.8% |
| White Lake Charter Township | $375K | $384.1K | +2.4% |
| Hartland Township | $425K | $429K | +0.9% |
Housing Supply in Highland, MI
How many homes are available in Highland, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 60 | 59 | -1.7% |
Summary: The Highland real estate market had 59 homes for sale in October 2024, a 1.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 24 | 25 | +4.2% |
| 4 Bedrooms | 24 | 22 | -8.3% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Highland housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 8 | -57.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Highland, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Highland in October 2024, down by 57.9% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Highland, MI
How long does it take to sell a home in Highland, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 28 Days | -20.0% |
Summary: Homes in Highland had an average of 28 days on market in Oct 2024, down by 20% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 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, 8 homes were sold in Highland; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.