Highland Park, MI

Buyer's market-49.4% YoY

Housing market overview · Updated weekly

$40,000median sale price

Homes sold

3

Last 12 weeks

Days on market

22

Average pace

Active listings

42

14.0 months supply

Sale-to-list

95.4%

Below asking

The Highland Park housing market is currently classified as a buyer's market with a median sale price of $40,000. Prices have fallen 49.4% compared to last year, with homes spending an average of 22 days on market, indicating 14.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.

Market trends

Homes for sale in Highland Park

There are currently 42 homes listed for sale in Highland Park, Michigan. The median listing price is $129K.

Active listings

42

Homes on market

Median list price

$129K

Avg. days on market

22

Days until sale

New this week

12

Newly listed

Price drops:40.5%of listings
Sale-to-list:95.4%

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Frequently asked questions

What is the average home price in Highland Park?

The median home sale price in Highland Park is $40,000, down 49.4% from last year.

How long do homes stay on market in Highland Park?

Homes typically spend 22 days on market before going under contract.

Is Highland Park a buyer's or seller's market?

With 14.0 months of supply, Highland Park is currently a buyer's market.

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