$4,749 Closing Credit*
$399,900
1,858 SqFt
3 Beds
•1 Full Bath
Listing Office: Re/Max Advantage Plus
Is Highland, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$443,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$7,000(-1.6%)
Key Takeaway
Homes in Highland have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in Highland was $443,000 in November 2024, down 1.6% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $171.5K | $165K | -3.8% |
| 2 Bedrooms | $302K | $256K | -15.2% |
| 3 Bedrooms | $440K | $449K | +2.0% |
| 4 Bedrooms | $530K | $550K | +3.8% |
| 5+ Bedrooms | $565K | $660K | +16.8% |
Summary: Highland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes decreased by 15.2%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 16.8%.
Median Sold Price Compared To Nearby Neighborhoods
| West Seventh | $280K | $300K | +7.1% |
| Macalester-Groveland | $401K | $429K | +7.0% |
| Highland | $450K | $443K | -1.6% |
| Summit Hill | $516.5K | $500K | -3.2% |
| Hiawatha | $385K | $323.5K | -16.0% |
Housing Supply in Highland, MN
How many homes are available in Highland, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 87 | 90 | +3.4% |
Summary: The Highland real estate market had 90 homes for sale in November 2024, a 3.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 16 | 17 | +6.3% |
| 3 Bedrooms | 39 | 40 | +2.6% |
| 4 Bedrooms | 11 | 15 | +36.4% |
| 5+ Bedrooms | 15 | 13 | -13.3% |
Summary: The Highland housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 25 | +38.9% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Highland, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Highland in November 2024, up by 38.9% month-over-month. Of the 25 sold homes, 60% were sold under asking, 12% were sold at asking, and 28% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 28 Days | +24.9% |
Summary: Homes in Highland had an average of 28 days on market in Nov 2024, up by 24.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 25 homes were sold in Highland; 64% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
