Is Highland Park, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Highland Park is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Highland Park was a Seller's Market.

Key Takeaway

Highland Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Highland Park, PA

How much do homes in Highland Park, PA cost?

Median Sold Price

$594,500

$249/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$169,500(+39.9%)

Key Takeaway

Homes in Highland Park have sold for 39.9% more than they did a year ago.

Summary: The median home sold price in Highland Park was $594,500 in October 2024, up 39.9% from last year, and the median price per square foot was $249.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $299.9K$328.5K
+9.5%
3 $360K$419.5K
+16.5%
4 $442.5K$692.5K
+56.5%
5+ $550K$628K
+14.2%

Summary: Highland Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 56.5%, and 5+ bedroom homes increased by 14.2%.

Median Sold Price Compared To Nearby Neighborhoods

Highland Park
+39.9%
Morningside
+21.5%
Lincoln-Lemington-Belmar
-29.7%

Housing Supply in Highland Park, PA

How many homes are available in Highland Park, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1925+31.6%

Summary: The Highland Park real estate market had 25 homes for sale in October 2024, a 31.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 33
0.0%
4 59
+80.0%
5+ 1013
+30.0%

Summary: The Highland Park 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 30%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
330.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Highland Park, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Highland Park in October 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Highland Park, PA

How long does it take to sell a home in Highland Park, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
55 Days13 Days-76.4%

Summary: Homes in Highland Park had an average of 13 days on market in Oct 2024, down by 76.4% compared to last year.

Breakdown of Home Sale Times

2 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 Highland Park are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in Highland Park; 67% of homes were sold within 30 days, 33% 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 20 Days Ago

Newest Listings in Highland Park, PA

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