$4,026 Closing Credit*
$339,000
1,300 SqFt
3 Beds
•1 Full Bath
Listing Office: REALTY EXECUTIVES MOUNTAIN PROP.
Is Highland Lakes, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Highland Lakes has remained a Seller's Market.
Key Takeaway
Highland Lakes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Highland Lakes, NJ
How much do homes in Highland Lakes, NJ cost?
Median Sold Price
$375,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$46,000(+14.0%)
Key Takeaway
Homes in Highland Lakes have sold for 14% more than they did a year ago.
Summary: The median home sold price in Highland Lakes was $375,000 in December 2024, up 14% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | - | N/A |
| 2 Bedrooms | $250K | $315K | +26.0% |
| 3 Bedrooms | $346K | $392.5K | +13.4% |
| 4 Bedrooms | $382.5K | $428.5K | +12.0% |
| 5+ Bedrooms | $464.9K | $455K | -2.1% |
Summary: Highland Lakes housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 12%, and 5+ bedroom homes decreased by 2.1%.
Median Sold Price Compared To Nearby Cities
| Vernon | $231K | $266.2K | +15.3% |
| Highland Lakes | $329K | $375K | +14.0% |
| Vernon Township | $300K | $333.2K | +11.1% |
| Hewitt | $382.5K | $420K | +9.8% |
| Stockholm | $365K | $362.5K | -0.7% |
Housing Supply in Highland Lakes, NJ
How many homes are available in Highland Lakes, NJ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 45 | 47 | +4.4% |
Summary: The Highland Lakes real estate market had 47 homes for sale in December 2024, a 4.4% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 26 | 29 | +11.5% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Highland Lakes housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 19 | +533.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Highland Lakes, you could pay more than the asking price. 57.9% of homes here sold above asking price last month.
Summary: A total of 19 homes were sold or pending in Highland Lakes in December 2024, up by 533.3% month-over-month. Of the 19 sold homes, 26% were sold under asking, 16% were sold at asking, and 58% 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
