Highland Park, MI Home Values & Market Trends
Real estate market trends reflect that there have been 142 transactions over the past year in Highland Park. The median value for residential home transactions that occurred over the previous year is $56,622.24. The number of current listings in Highland Park is 30, and the percentage of properties for sale in the city is 30.00%. Highland Park, MI currently has 19 properties in foreclosure, 16 bank owned properties, 3 properties headed for auction, and 30 properties for sale.
Highland Park, MI Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 48203 | $ 71,821 $ 42/sqft |
Housing Market Summary for Highland Park, MI
| Oct 2022 | September 2023 | Change | |
|---|---|---|---|
| Median Listing Price | $64,999 | $51,385 | -20.94% |
| Median Sold Price | $51,617.667 | $51,385 | -0.45% |
| Homes For Sale | 33 | 35 | 6.06% |
| Homes Sold | 350 | 154 | -56.00% |
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
Recently Sold
$46,906
Sold Price2 baths
1,670 sqft
7,405 sqft lot
162 Cortland St, Highland Park, MI 48203
Recently Sold
$47,233
Sold Price3 baths
1,763 sqft
4,792 sqft lot
70 Waverly St, Highland Park, MI 48203
Recently Sold
$47,070
Sold Price2 baths
1,789 sqft
4,792 sqft lot
74 Waverly St, Highland Park, MI 48203
Browse Homes in Highland Park, MI
Highland Park home values range from $17,439 to $575,064. The median estimated value of a home in Highland Park is $56,622.24. The median list price of a home is 62,500, and the total count of properties in the city is 6,167.
- 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 $90,761 in 48203 to the lowest value of $27,150 in 48203. Bank owned homes and properties account for 0.26% of properties in Highland Park, MI. There is 1 zips within Highland Park, MI; 48203 containing 27 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48203 has 6 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 0.05% 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 $197,841 in 48203 to the lowest value of $49,361 in 48203.
Compare Nearby Cities
More Real Estate Resources for Highland Park, MI
Guide for Highland Park, MI
Have you been interested in REO, or real estate owned, properties? RealtyTrac helps you understand what they are and how can you buy one.
You know what a foreclosure is. You are familiar with short sales. But what are the true differences between them?
Want to learn about the foreclosure process? Our article explains it all.
How do you avoid scams when you are in pre-foreclosure? We’ve got the info here.