Is Highlands, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Highlands is a seller's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Highlands was a Neutral Market.

Key Takeaway

Highlands is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Highlands, NJ

How much do homes in Highlands, NJ cost?

Median Sold Price

$495,000

$397/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$8,750(+1.8%)

Key Takeaway

Homes in Highlands have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in Highlands was $495,000 in December 2024, up 1.8% from last year, and the median price per square foot was $397.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $280K$314K
+12.1%
2 $480K$475K
-1.0%
3 $590K$779K
+32.0%
4 $597K$837K
+40.2%
5+ $1.6M$785K
-51.7%

Summary: Highlands housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 32%, 4 bedroom homes increased by 40.2%, and 5+ bedroom homes decreased by 51.7%.

Median Sold Price Compared To Nearby Cities

Middletown Township
+13.9%
Atlantic Highlands
+2.3%
Highlands
+1.8%

Housing Supply in Highlands, NJ

How many homes are available in Highlands, NJ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
4032-20.0%

Summary: The Highlands real estate market had 32 homes for sale in December 2024, a 20.0% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 64
-33.3%
2 1311
-15.4%
3 129
-25.0%
4 65
-16.7%
5+ 33
0.0%

Summary: The Highlands housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
129-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Highlands, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Highlands in December 2024, down by 25.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.

Days on Market for Highlands, NJ

How long does it take to sell a home in Highlands, NJ?

Average Sale Time

Dec 2023Dec 2024CHANGE
113 Days16 Days-85.4%

Summary: Homes in Highlands had an average of 16 days on market in Dec 2024, down by 85.4% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Highlands are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 9 homes were sold in Highlands; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Highlands, NJ

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