Is Highland Lake Estates, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Highland Lake Estates is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Highland Lake Estates has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Highland Lake Estates, TX

How much do homes in Highland Lake Estates, TX cost?

Median Sold Price

$399,999

$230/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$25,001(-5.9%)

Key Takeaway

Homes in Highland Lake Estates have sold for 5.9% less than they did a year ago.

Summary: The median home sold price in Highland Lake Estates was $399,999 in November 2024, down 5.9% from last year, and the median price per square foot was $230.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $197K$195K
-1.0%
2 $304.7K$375K
+23.1%
3 $405.6K$391.5K
-3.5%
4 $444K$422K
-5.0%
5+ $1.2M$758.5K
-39.3%

Summary: Highland Lake Estates housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes increased by 23.1%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 39.3%.

Median Sold Price Compared To Nearby Neighborhoods

Highland Lake Estates
-5.9%
Lago Vista Country Club Estates
-14.2%

Housing Supply in Highland Lake Estates, TX

How many homes are available in Highland Lake Estates, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
98109+11.2%

Summary: The Highland Lake Estates real estate market had 109 homes for sale in November 2024, a 11.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 54
-20.0%
2 46
+50.0%
3 5359
+11.3%
4 3136
+16.1%
5+ 54
-20.0%

Summary: The Highland Lake Estates housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
119-18.2%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Highland Lake Estates, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Highland Lake Estates in November 2024, down by 18.2% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.

Days on Market for Highland Lake Estates, TX

How long does it take to sell a home in Highland Lake Estates, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
46 Days108 Days+135.0%

Summary: Homes in Highland Lake Estates had an average of 108 days on market in Nov 2024, up by 135% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Highland Lake Estates has remained consistent over time.

Summary: During November 2024, 9 homes were sold in Highland Lake Estates; 11% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 44% 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 2 Days Ago

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