Is Highland Park, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Highland Park was a Seller's Market.
Housing Prices in Highland Park, TX
How much do homes in Highland Park, TX cost?
Median Sold Price
$220,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Highland Park was $220,000 in May 2024, up 11.7% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75K | - | N/A |
2 Bedrooms | $179.7K | $175.5K | -2.4% |
3 Bedrooms | $225K | $225K | 0.0% |
4 Bedrooms | $285K | $292K | +2.5% |
5+ Bedrooms | - | $345K | N/A |
Summary: Highland Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Highland Park | $197K | $220K | +11.7% |
Sunny Slope | $185K | $189K | +2.2% |
Lavaca | $410K | $387.5K | -5.5% |
Denver Heights | $283.5K | $260K | -8.3% |
Housing Supply in Highland Park, TX
How many homes are available in Highland Park, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
70 | 89 | +27.1% |
Summary: The Highland Park real estate market had 89 homes for sale in May 2024, a 27.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 16 | 22 | +37.5% |
3 Bedrooms | 48 | 57 | +18.8% |
4 Bedrooms | 3 | 7 | +133.3% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Highland Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 10 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Highland Park in May 2024, up by 100.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for Highland Park, TX
How long does it take to sell a home in Highland Park, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
54 Days | 97 Days | +79.7% |
Summary: Homes in Highland Park had an average of 97 days on market in May 2024, up by 79.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Highland Park; 10% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.