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Featured local agent — Highland Park, TX
Sarah Mitchell
Compass Real Estate · Highland Park, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Highland Park, TX Housing Market & Real Estate
Housing market overview · Updated monthly ·
$2.72Mmedian sale price
How is the Highland Park, TX housing market right now?
The median home sale price in Highland Park, TX is $2.72M, down 44.5% year-over-year. Homes sell in an average of 15 days with 44 active listings. The market is currently a balanced 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, TX is currently a balanced market, based on 4.9 months of supply and homes selling in about 15 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
15
Fast-moving
Active listings
44
4.9 months supply
Sale-to-list
98.7%
Below asking
What does the Highland Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $2.72M |
| Median list price | $3.94M |
| Year-over-year price change | -44.5% |
| Average days on market | 15 days |
| Active inventory | 44 listings |
| Months of supply | 4.9 months |
| Sale-to-list price ratio | 98.7% |
| Median price per sq ft | $815/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 20 |
| Listings with a price cut | 22.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Highland Park by property type?
How the Highland Park, TX market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $3.49M | $900/sq ft | 7 | 15 days |
| Condo / Co-op | $970,000 | $439/sq ft | 2 | 21 days |
| Townhouse | $885,000 | $336/sq ft | 1 | 38 days |
Source: Redfin · Updated monthly
The Highland Park housing market is currently classified as a balanced market with a median sale price of $2.72M. Prices have fallen 44.5% compared to last year, with homes spending an average of 15 days on market, indicating 4.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 12.1x provides context for how home values compare to local earning capacity.
Homes for sale in Highland Park
There are currently 44 homes listed for sale in Highland Park, Texas. The median listing price is $3.9M.
Active listings
44
Homes on market
Median list price
$3.9M
Avg. days on market
15
Days until sale
New this week
20
Newly listed
Who lives in Highland Park?
Population
8,774
Median income
$250,001/yr
Median age
45.6 years
Owner-occupied
87.6%
College grads
88.3%
Avg commute
20.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Highland Park?
Zillow home value
$3.01M
Zillow rent index
$6,475/mo
Price-to-rent ratio
38.8x
Price-to-income
12.1x
Source: Zillow Research
What is it like to live in Highland Park?
Highland Park is a community of approximately 9K residents with a median age of 45.6 years.The median household income is $250,001, which reflects a relatively affluent area with strong earning potential. 88.3% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 87.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 20.4 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 cities are near Highland Park, TX?
Want a head-to-head view? Compare Highland Park side-by-side with any other U.S. city using our market-comparison tool.
Is Highland Park a good real estate investment market?
For investors evaluating Highland Park, the price-to-rent ratio of 38.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 44.5% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Highland Park's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Highland Park's median home price.
Frequently asked questions
What is the average home price in Highland Park?
The median home sale price in Highland Park is $2.72M, down 44.5% from last year.
How long do homes stay on market in Highland Park?
Homes typically spend 15 days on market before going under contract.
What is the median income in Highland Park?
The median household income is $250,001 per year.
Is Highland Park a buyer's or seller's market?
With 4.9 months of supply, Highland Park is currently a balanced market.
What is the Zillow home value estimate for Highland Park?
The Zillow Home Value Index (ZHVI) for Highland Park is $3.01M, representing the typical home value in the area.
What is the median condo price in Highland Park?
The median condo/co-op sale price in Highland Park, TX is $970,000, compared to $3.49M 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, TX is $3.49M (about $900 per square foot).
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