$1,484 Closing Credit*
$125,000
1,149 SqFt
3 Beds
•1 Full Bath
Bashar G Nijem, Listing Office: Downtown Realty
Is Highland Park, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Highland Park was a Seller's Market.
Key Takeaway
Highland Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Highland Park, MI
How much do homes in Highland Park, MI cost?
Median Sold Price
$60,000
$46/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,500(+29.0%)
Key Takeaway
Homes in Highland Park have sold for 29% more than they did a year ago.
Summary: The median home sold price in Highland Park was $60,000 in November 2024, up 29% from last year, and the median price per square foot was $46.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $36K | $56.3K | +56.6% |
| 3 Bedrooms | $45.3K | $48K | +5.8% |
| 4 Bedrooms | $60K | $85K | +41.7% |
| 5+ Bedrooms | $139K | $135K | -2.9% |
Summary: Highland Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 56.6%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes decreased by 2.9%.
Housing Supply in Highland Park, MI
How many homes are available in Highland Park, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 75 | 84 | +12.0% |
Summary: The Highland Park real estate market had 84 homes for sale in November 2024, a 12.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 2 | -66.7% |
| 3 Bedrooms | 43 | 55 | +27.9% |
| 4 Bedrooms | 19 | 18 | -5.3% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Highland Park 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 66.7%, 3 bedroom homes increased by 27.9%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 3 | -75.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Highland Park, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Highland Park in November 2024, down by 75.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Highland Park, MI
How long does it take to sell a home in Highland Park, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 108 Days | +159.6% |
Summary: Homes in Highland Park had an average of 108 days on market in Nov 2024, up by 159.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Highland Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Highland Park; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.