$7,719 Closing Credit*
$650,000
3 Beds
•3 Full Baths
Lisa Taormina, Listing Office: Werner Realty
Is Highland Lakes, NJ 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 Lakes was a Seller's Market.
Key Takeaway
Highland Lakes is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Highland Lakes, NJ
How much do homes in Highland Lakes, NJ cost?
Median Sold Price
$351,000
-
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,250(+10.8%)
Key Takeaway
Homes in Highland Lakes have sold for 10.8% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $240K | +100.0% |
| 2 Bedrooms | $250K | $305K | +22.0% |
| 3 Bedrooms | $345K | $375K | +8.7% |
| 4 Bedrooms | $405K | $415K | +2.5% |
| 5+ Bedrooms | $540K | $412.4K | -23.6% |
Summary: Highland Lakes housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 23.6%.
Median Sold Price Compared To Nearby Cities
| Hewitt | $360K | $420K | +16.7% |
| Vernon | $229K | $260K | +13.5% |
| Vernon Township | $292K | $328.4K | +12.5% |
| Highland Lakes | $316.7K | $351K | +10.8% |
| Stockholm | $360K | $370K | +2.8% |
Housing Supply in Highland Lakes, NJ
How many homes are available in Highland Lakes, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 45 | +12.5% |
Summary: The Highland Lakes real estate market had 45 homes for sale in October 2024, a 12.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Highland Lakes 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 increased by 15%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Highland Lakes, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Highland Lakes in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Highland Lakes, NJ
We’re sorry, we don't have information for this market at the moment
