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Featured local agent — Highland Park, MI
Sarah Mitchell
Compass Real Estate · Highland Park, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Highland Park, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$144,500median sale price
How is the Highland Park, MI housing market right now?
The median home sale price in Highland Park, MI is $144,500, up 4.9% year-over-year. Homes sell in an average of 37 days with 42 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Highland Park a buyer's or seller's market?
Highland Park, MI is currently a buyer's market, based on 10.5 months of supply and homes selling in about 37 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
37
Average pace
Active listings
42
10.5 months supply
Sale-to-list
89.8%
Below asking
What does the Highland Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $144,500 |
| Median list price | $134,500 |
| Year-over-year price change | +4.9% |
| Average days on market | 37 days |
| Active inventory | 42 listings |
| Months of supply | 10.5 months |
| Sale-to-list price ratio | 89.8% |
| Median price per sq ft | $95/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 12 |
| Listings with a price cut | 23.8% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Highland Park by property type?
How the Highland Park, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $144,500 | $95/sq ft | 4 | 37 days |
| Condo / Co-op | $202,500 | $186/sq ft | 1 | 29 days |
Source: Redfin · Updated monthly
The Highland Park housing market is currently classified as a buyer's market with a median sale price of $144,500. Prices have risen 4.9% compared to last year, with homes spending an average of 37 days on market, indicating 10.5 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Homes for sale in Highland Park
There are currently 42 homes listed for sale in Highland Park, Michigan. The median listing price is $135K.
Active listings
42
Homes on market
Median list price
$135K
Avg. days on market
37
Days until sale
New this week
12
Newly listed
Who lives in Highland Park?
Population
8,798
Median income
$27,582/yr
Median age
45.1 years
Owner-occupied
45.4%
College grads
17.0%
Avg commute
24 min
Source: U.S. Census Bureau ACS
What is it like to live in Highland Park?
Highland Park is a community of approximately 9K residents with a median age of 45.1 years.The median household income is $27,582, which represents a working-class community with solid middle-income opportunities. 17.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 45.4%, showing a blend of owner and renter-occupied properties. The average commute time is 24 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Highland Park offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Highland Park?
4 schools tracked · 802 students
The largest public schools serving Highland Park, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Barber Elementary School
Grades PK-8 · 352 students
George Washington Carver Elementary School
Grades PK-4 · 210 students
George Washington Carver Middle School
Grades 5-8 · 165 students
Covenant School Spectrum
Grades 7-12 · 75 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Highland Park, MI?
Want a head-to-head view? Compare Highland Park side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Highland Park?
The median home sale price in Highland Park is $144,500, up 4.9% from last year.
How long do homes stay on market in Highland Park?
Homes typically spend 37 days on market before going under contract.
What is the median income in Highland Park?
The median household income is $27,582 per year.
Is Highland Park a buyer's or seller's market?
With 10.5 months of supply, Highland Park is currently a buyer's market.
What is the median condo price in Highland Park?
The median condo/co-op sale price in Highland Park, MI is $202,500, compared to $144,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Highland Park?
The median single-family home price in Highland Park, MI is $144,500 (about $95 per square foot).
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