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Featured local agent — Highland Lakes, NJ
Sarah Mitchell
Compass Real Estate · Highland Lakes, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Highland Lakes, NJ Housing Market
The last median sale price Redfin published was $384,500, +13.9% year over year (through May 2026). With 2.9 months of supply and homes going under contract in about 19 days, Highland Lakes is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $384,500 home is about $2,053/mo in principal and interest.
Key numbers for Highland Lakes, NJ
Median sale price
$384,500
+13.9% year over year
Redfin, through May 2026
Days on market
19
Fast-moving
Redfin, through May 2026
Active listings
23
2.9 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$129,500
Home costs 3.0x income
U.S. Census ACS, 2023
Sale-to-list ratio
103.8%
Selling above asking
Redfin, through May 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Highland Lakes a buyer's or seller's market?
Highland Lakes, NJ is a strong seller's market, based on 2.9 months of supply and homes selling in about 19 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Highland Lakes housing market data show?
Every row below is Redfin's final published month for Highland Lakes, NJ. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $384,500 |
| Median list price | $369,900 |
| Year-over-year price change | +13.9% |
| Median price per sq ft | $342/sq ft |
| Median days on market | 19 days |
| Active inventory | 23 listings |
| Months of supply | 2.9 months |
| Sale-to-list price ratio | 103.8% |
| Homes sold (that month) | 8 |
| New listings (that month) | 15 |
| Listings with a price cut | 26.1% |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Highland Lakes is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Highland Lakes is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Highland Lakes home prices moved?
Over the last three years the median sale price in Highland Lakes, NJ rose 32.1%, from $291,083 to $384,500. 26.1% of Highland Lakes listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 2.9 months while the sale-to-list ratio slips below its current 103.8%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Highland Lakes?
Priced off the median sale price of $384,500 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $76,900 | $307,600 | $2,053/mo |
| 5% | $19,225 | $365,275 | $2,438/mo |
Redfin, through May 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,053, that implies roughly $87,972 a year before you add taxes and insurance. The median household in Highland Lakes earns $129,500, about $41,528 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.0x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Highland Lakes in the next 12 months?
Tell us your timeline. We send the Highland Lakes market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Highland Lakes?
Zillow does not publish a rent index (ZORI) for Highland Lakes, NJ, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Highland Lakes?
Active listings in Highland Lakes, NJ went from 18 in May 2025 to 23 in May 2026, a +27.8% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 27 | 15 |
| July 2025 | 25 | 11 |
| August 2025 | 23 | 10 |
| September 2025 | 23 | 8 |
| October 2025 | 35 | 18 |
| November 2025 | 29 | 9 |
| December 2025 | 20 | 6 |
| January 2026 | 18 | 8 |
| February 2026 | 15 | 6 |
| March 2026 | 18 | 14 |
| April 2026 | 23 | 19 |
| May 2026 | 23 | 15 |
Redfin, through May 2026
How does Highland Lakes compare to New Jersey and the U.S.?
Highland Lakes homes sell for $384,500 — 34% below the New Jersey median of $579,900. Against the national median of $410,700, Highland Lakes runs 6% lower. Year-over-year, Highland Lakes moved +13.9% against New Jersey's +3.7% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Highland Lakes, NJ | $384,500 | +13.9% | 19 days |
| New Jersey statewide | $579,900 | +3.7% | 35 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Highland Lakes
What buyers should watch
- Months of supply, currently 2.9. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 26.1%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $385 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $384,500 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Highland Lakes listing goes under contract in 19 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 103.8% of asking. Price at the number you want and let competition do the rest.
- In the last published month Highland Lakes added 15 new listings against 8 sales — more competition arriving than clearing, so early timing matters.
- Comparable ZIP-level pricing inside Highland Lakes varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Highland Lakes
There are currently 23 homes listed for sale in Highland Lakes, New Jersey. The median listing price is $370K.
Active listings
23
Homes on market
Median list price
$370K
Avg. days on market
19
Days until sale
New this week
15
Newly listed
How much do homes cost in Highland Lakes by property type?
How the Highland Lakes, NJ market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $384,500 | $342/sq ft | 8 | 19 days |
| Condo / co-op | $160,000 | $143/sq ft | 1 | 13 days |
Who lives in Highland Lakes?
American Community Survey estimates for Highland Lakes. U.S. Census ACS, 2023
Population
3,941
Households
1,668
Median income
$129,500/yr
Median age
49.3 years
Owner-occupied
92.6%
Median home value
$291,200
Median gross rent
$1,862/mo
Mean commute
44.2 min
92.6% of occupied homes in Highland Lakes are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Highland Lakes, NJ?
Ordered by distance from Highland Lakes, not by size. Compare Highland Lakes side by side with any of them.
Highland Lakes housing market FAQ
Is Highland Lakes a buyer's or seller's market?
Highland Lakes, NJ is currently a strong seller's market. That read comes from 2.9 months of supply, homes going under contract in about 19 days, and sellers getting 103.8% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Highland Lakes?
The median sale price in the last month Redfin published was $384,500, about $342 per square foot.
Is Highland Lakes cheaper than the rest of New Jersey?
Highland Lakes's median sale price of $384,500 is 34% lower than the New Jersey statewide median of $579,900, and 6% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Highland Lakes?
Homes in Highland Lakes, NJ spent a median of 19 days on market before going under contract, versus 35 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Highland Lakes?
At the current 30-year fixed rate of 7.03%, 20% down on a $384,500 home is about $2,053 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $87,972 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $129,500.
Are home prices rising in Highland Lakes?
Redfin's last published year-over-year change for Highland Lakes, NJ was +13.9%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Highland Lakes?
Highland Lakes ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Highland Lakes?
That depends on your timeline, not on a headline. What the data says today: Highland Lakes, NJ is a strong seller's market with 2.9 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $384,500, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.