Is Highland Park, WA 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 November 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, WA

How much do homes in Highland Park, WA cost?

Median Sold Price

$720,000

$517/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$130,000(+22.0%)

Key Takeaway

Homes in Highland Park have sold for 22% more than they did a year ago.

Summary: The median home sold price in Highland Park was $720,000 in November 2024, up 22% from last year, and the median price per square foot was $517.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $485K$585K
+20.6%
2 $545K$560K
+2.8%
3 $645K$739K
+14.6%
4 $765K$830.7K
+8.6%
5+ $1.0M$950K
-12.3%

Summary: Highland Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.6%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes decreased by 12.3%.

Median Sold Price Compared To Nearby Neighborhoods

Highland Park
+22.0%
White Center
-2.2%
South Park
-5.4%

Housing Supply in Highland Park, WA

How many homes are available in Highland Park, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3224-25.0%

Summary: The Highland Park real estate market had 24 homes for sale in November 2024, a 25.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 65
-16.7%
3 96
-33.3%
4 96
-33.3%
5+ 43
-25.0%

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

Number of Homes Sold

Oct 2024Nov 2024CHANGE
91-88.9%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were 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 could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Highland Park in November 2024, down by 88.9% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Highland Park, WA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
25 Days68 Days+166.7%

Summary: Homes in Highland Park had an average of 68 days on market in Nov 2024, up by 166.7% compared to last year.

Breakdown of Home Sale Times

0 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

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

Summary: During November 2024, 1 homes were sold in Highland Park; 0% of homes were sold within 30 days, 100% 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 21 Days Ago

Newest Listings in Highland Park, WA

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