Is Highlands, WA 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 Last Month

Since last month, Highlands has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Highlands, WA

How much do homes in Highlands, WA cost?

Median Sold Price

$279,500

$301/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$5,450(-1.9%)

Key Takeaway

Homes in Highlands have sold for 1.9% less than they did a month ago.

Summary: The median home sold price in Highlands was $279,500 in October 2024, down 1.9% from last month, and the median price per square foot was $301.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$160K
N/A
2 $244.9K$279.5K
+14.1%
3 $325K-
N/A
4 -$350K
N/A
5+ --
N/A

Summary: Highlands housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.1%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Highlands, WA

How many homes are available in Highlands, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2228+27.3%

Summary: The Highlands real estate market had 28 homes for sale in October 2024, a 27.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 16
+500.0%
2 1312
-7.7%
3 34
+33.3%
4 44
0.0%
5+ 12
+100.0%

Summary: The Highlands housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 500%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 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. 50% of homes here sold above asking price last month.

Summary: A total of 8 homes were sold or pending in Highlands in October 2024, up by 100.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Highlands, WA

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

Average Sale Time

Sep 2024Oct 2024CHANGE
22 Days47 Days+108.2%

Summary: Homes in Highlands had an average of 47 days on market in Oct 2024, up by 108.2% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

5 Homes Were 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 Highlands has remained consistent over time.

Summary: During October 2024, 8 homes were sold in Highlands; 38% of homes were sold within 30 days, 63% 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 Highlands, WA

Nearby Markets to Highlands, WA