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

ZipMedian Est. Value
48203

$ 71,821

$ 42/sqft

Housing Market Summary for Highland Park, MI

Oct 2022September 2023Change
Median Listing Price$64,999$51,385-20.94%
Median Sold Price$51,617.667$51,385-0.45%
Homes For Sale33356.06%
Homes Sold350154-56.00%
Price
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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%.

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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 $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.

Foreclosure
There is 1 zips within Highland Park, MI; within this zips, the median estimated home value for homes in foreclosure ranges from $197,841 in 48203 to the lowest value of $27,150 in 48203. Foreclosure homes account for 0.00% of properties in Highland Park, MI with 48203 containing 33 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-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 Owned
    The 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.
  • Auctions
    48203 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.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.49% of residential properties in Highland Park, MI with 48203 containing 45 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Highland Park, MI; homes for sale in that zips, have a range of median values from $4,004,654 in 48203 to the lowest value of $20,000 in 48203.
    Sold Homes
    The median value for recently sold homes ranges from $1,087,371 in 48203 to the lowest price of $20,252 in 48203. There is 1 zips within Highland Park, MI. 48203 has 190 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.17% of properties in Highland Park, MI.

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      Guide for Highland Park, MI

      Home Buying Financing
      What is an REO Property and How to Buy It
      Home Buying Guides
      The Difference Between A Short Sale And A Foreclosure
      Home Buying Guides
      What Happens When A Property Goes Into Foreclosure?
      Home Buying Guides
      Avoiding Scams in Pre-Foreclosure Deals
      See More Articles
      What is an REO Property and How to Buy It
      Home Buying Financing|posted 27 September 2023

      Have you been interested in REO, or real estate owned, properties? RealtyTrac helps you understand what they are and how can you buy one.

      The Difference Between A Short Sale And A Foreclosure
      Home Buying Guides|posted 26 September 2023

      You know what a foreclosure is. You are familiar with short sales. But what are the true differences between them?

      What Happens When A Property Goes Into Foreclosure?
      Home Buying Guides|posted 24 September 2023

      Want to learn about the foreclosure process? Our article explains it all.

      Avoiding Scams in Pre-Foreclosure Deals
      Home Buying Guides|posted 30 August 2023

      How do you avoid scams when you are in pre-foreclosure? We’ve got the info here.

      Recently Listed Homes Highland Park, MI

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