Is Highlands, NY 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, Highlands was a Seller's Market.
Housing Prices in Highlands, NY
How much do homes in Highlands, NY cost?
Median Sold Price
$420,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Highlands was $420,000 in May 2024, up 11.9% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $200K | - | N/A |
2 Bedrooms | $318K | $289.7K | -8.9% |
3 Bedrooms | $375K | $425K | +13.3% |
4 Bedrooms | $404.5K | $466K | +15.2% |
5+ Bedrooms | $435K | $472.5K | +8.6% |
Summary: Highlands 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 8.9%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Cities
Highland Falls | $376K | $445.5K | +18.5% |
Highlands | $375.5K | $420K | +11.9% |
Fort Montgomery | $374K | $400K | +7.0% |
Garrison | $650K | $645K | -0.8% |
Housing Supply in Highlands, NY
How many homes are available in Highlands, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 25 | -3.8% |
Summary: The Highlands real estate market had 25 homes for sale in May 2024, a 3.8% decrease 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 | 4 | 4 | 0.0% |
3 Bedrooms | 14 | 10 | -28.6% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Highlands 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 remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Highlands in May 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Highlands, NY
How long does it take to sell a home in Highlands, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
49 Days | 297 Days | +501.2% |
Summary: Homes in Highlands had an average of 297 days on market in May 2024, up by 501.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Highlands; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.