Highland Park, MI Home Values & Market Trends
Real estate market trends reflect that there have been 181 transactions over the past year in Highland Park. The median value for residential home transactions that occurred over the previous year is $54,100.79. The number of current listings in Highland Park is 36, and the percentage of properties for sale in the city is 36.00%. Highland Park, MI currently has 6 properties in foreclosure, 4 bank owned properties, 2 properties headed for auction, and 36 properties for sale.
Highland Park, MI Real Estate Market Overview
Zip | Median Est. Value |
---|---|
48203 | $ 84,893 $ 50/sqft |
Housing Market Summary for Highland Park, MI
Apr 2023 | March 2024 | Change | |
---|---|---|---|
Median Listing Price | $59,250 | $47,828 | -19.28% |
Median Sold Price | $50,539 | $47,828 | -5.36% |
Homes For Sale | 32 | 20 | -37.50% |
Homes Sold | 281 | 125 | -55.52% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Highland Park, MI
Browse Homes in Highland Park, MI
Highland Park home values range from $15,662 to $587,636. The median estimated value of a home in Highland Park is $54,100.79. The median list price of a home is 77,700, and the total count of properties in the city is 5,692.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Highland Park, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Highland Park, MI; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Highland Park, MI ranges from the highest value of $300,000 in 48203 to the lowest value of $29,040 in 48203. Bank owned homes and properties account for 0.07% of properties in Highland Park, MI. There is 1 zips within Highland Park, MI; 48203 containing 11 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48203 has 5 auction properties, the highest number of properties going to auction in a single zip in the state of Highland Park, MI. Auction homes and other auction properties account for 0.04% of all properties in Highland Park, MI. There is 1 zips within Highland Park, MI; of that zips, the median estimated home value for homes going to auction ranges from $916,633 in 48203 to the lowest value of $36,661 in 48203.
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Guide for Highland Park, MI
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
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