$4,156 Closing Credit*
$350,000
1,237 SqFt
2 Beds
•1 Full Bath
Listing Office: Coldwell Banker Realty
Is Highland, MN 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, Highland has remained a Seller's Market.
Key Takeaway
Highland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Highland, MN
How much do homes in Highland, MN cost?
Median Sold Price
$445,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$10,000(-2.2%)
Key Takeaway
Homes in Highland have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in Highland was $445,000 in October 2024, down 2.2% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $171.5K | $175K | +2.0% |
| 2 Bedrooms | $285K | $253.7K | -11.0% |
| 3 Bedrooms | $445K | $449K | +0.9% |
| 4 Bedrooms | $534K | $545K | +2.1% |
| 5+ Bedrooms | $700K | $637.5K | -8.9% |
Summary: Highland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes decreased by 11%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 8.9%.
Median Sold Price Compared To Nearby Neighborhoods
| West Seventh | $285K | $300K | +5.3% |
| Macalester-Groveland | $410K | $430K | +4.9% |
| Summit Hill | $520K | $522K | 0.4% |
| Highland | $455K | $445K | -2.2% |
| Hiawatha | $385K | $320K | -16.9% |
Housing Supply in Highland, MN
How many homes are available in Highland, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 96 | 94 | -2.1% |
Summary: The Highland real estate market had 94 homes for sale in October 2024, a 2.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 48 | 46 | -4.2% |
| 4 Bedrooms | 16 | 12 | -25.0% |
| 5+ Bedrooms | 12 | 15 | +25.0% |
Summary: The Highland 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 increased by 6.7%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 17 | -37.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Highland, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Highland in October 2024, down by 37.0% month-over-month. Of the 17 sold homes, 29% were sold under asking, 18% were sold at asking, and 53% were sold over asking.
Days on Market for Highland, MN
How long does it take to sell a home in Highland, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 49 Days | +488.9% |
Summary: Homes in Highland had an average of 49 days on market in Oct 2024, up by 488.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 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, 17 homes were sold in Highland; 53% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
