Is Now the Time to Buy in Highland Park California? Our Real Estate Market Update Has Your Answer
Highland Park real estate in the thriving neighborhood community in NELA has long been a hotspot for real estate activity. Some of the Highland Park property listings garner National attention being featured in some of our favorite streaming television and movies. Highland Park’s unique architecture is a blend of some of the most historical and creative expressions for homes in Los Angeles. Around 2,800 structures, including more than 50 designated as historic-cultural monuments by Los Angeles’ Cultural Heritage Commission, make up the Highland Park Historic Preservation Overlay Zone (HPOZ), established in 1994.
Is now the time to buy in Highland Park California? Our real estate market update has your answer! We will cover the Highland Park homes for sale, and Highland Park homes sold! We have the expert local knowledge that you need to get into your new home today!
Highland Park Homes For Sale in Diverse Price Ranges across Varied Transactions
Every popular Southern California architectural style from the late 1880s to the 1950s is here in Highland Park! Victorian Craftsman, Mission, and Tudor, to Revival, Pueblo, and Mid-Century Modern. Both The Arts and Crafts Movement and the Great Recession brought a wave of innovative and passionate entrepreneurs who came to restore these architecturally significant California homes. Whether you’re a current resident, a potential buyer, or simply interested in local market trends, this report offers an in-depth analysis of the Highland Park real estate market from June 9, 2023, to September 9, 2023, and the Highland Park homes sold.
Highland Park’s real estate market caters to different preferences and budgets, featuring a variety of property prices. Here’s a breakdown of properties sold in various price brackets, along with their average days on market (DOM):
Highland Park Real Estate Market: Entry-Level Opportunities
- A property was sold in the $450,000 – $499,999 range, averaging 69 days on the market.
Highland Park Real Estate Market: Mid-Range Success
- Progressing to the $600,000 – $649,999 range, two properties sold within an average of 66 days.
- In the $650,000 – $699,999 range, two properties changed hands, spending an average of 18 days on the market.
Highland Park Real Estate Market: The $700,000s Range
- Four properties, falling within the $700,000 – $749,999 range, were sold, averaging 21 days on the market.
Highland Park Real Estate Market: In the $750,000s Range
- Three properties, priced between $750,000 – $799,999, were sold, each spending an average of just 7 days on the market.
Highland Park Real Estate Market: The $800,000s Range
- Three properties in the $800,000 – $849,999 range sold within an average of 14 days.
Highland Park Real Estate Market: The $850,000s Range
- Moving into higher price brackets, three properties were sold in the $850,000 – $899,999 range, with an average DOM of 47 days.
Highland Park Real Estate Market: Stretching to $900,000s
- A property in the $900,000 – $949,999 range was sold in just 7 days.
Highland Park Real Estate Market: Million-Dollar Milestone
- In the $1,000,000 – $1,249,999 range, Highland Park homes sold truly shined with 18 properties sold with an average DOM of 26 days.
- Similarly, in the $1,250,000 – $1,499,999 range, 18 properties found new owners with an average DOM of 50 days.
Highland Park Real Estate Market: Luxury Living
- The market continued to thrive in the luxury segment. In the $1,500,000 – $1,749,999 range, nine properties were sold with an average DOM of 20 days.
- In the $1,750,000 – $1,999,999 range, one property was sold in just 7 days.
Highland Park Real Estate Market: Higher Peaks
- Two properties in the $2,000,000 – $2,249,999 range and one property in the $2,750,000 – $2,999,999 range were sold with average DOMs of 11 days and 44 days, respectively.
Market Summary
In total, 67 Highland Park home sales occurred in this period, with an average DOM of 32 days. The market displayed its diversity, with a minimum sold price of $450,000 and a maximum of $2,800,000. The average sold price stood at $1,176,524, with the median price at $1,190,000.
Highland Park Homes Unveiled: Your Key to a Vibrant Real Estate Landscape
The Highland Park real estate market continues to attract buyers across various price points. Highland Park property listings have an average DOM of 32 days, and properties are selling briskly, reflecting the neighborhood’s desirability. If you have specific questions or need tailored advice about properties in Highland Park, consider reaching out to local real estate experts
As of the writing of this article, there are 37 Highland Park property listings that are single-family homes which range from $699k-$3.5mil for a new development.
The Shelhamer Group is tightly woven into the Highland fabric. Our headquarters are here just off York Blvd in a renovated and restored 1907 Craftsman. Architectural preservation and the local history, amazing energy and purveyors who have become our closest friends are all here in Highland Park. We are acquainted with The Mill’s Act, and an expert in Historic Preservation Zones and architecturally significant properties. Stay tuned for future updates as we continue to monitor and analyze the evolving trends in the Highland Park real estate market.
I am a Californian born here in Los Angeles. As a top graduate of the AACSB internationally accredited California State University of Los Angeles School of Business and Economics, I have accelerated my career as a residential real estate advisor by combining my passion for California history, writing, architectural preservation, and extensive sales background. My marketing and negotiation skills, combined with community outreach have helped me build a solid reputation with our clients.
I am a Senior Real Estate Specialist (SRES®) working closely in the communities that we serve with our mature clients. When I am not listing or selling some of California’s finest homes, I turn my focus to early 20th-century California collectibles. My e-commerce business Golden State Decor on Etsy celebrates the rich history of the Golden State with one-of-a-kind procured items while contributing directly to the California Conservation Corps Foundation.
Architectural Property Specialist DRE:02134556
A Californian born here in Los Angeles, David has spent his whole life in California. As a top graduate of the AACSB internationally accredited California State University of Los Angeles School of Business and Economics, he has accelerated his career as a residential real estate advisor combining his passion for California history, writing, architectural preservation, and extensive sales background.
David is a Senior Real Estate Specialist (SRES®) holding certifications in Probate and Trust Sales and Accessory Dwelling Units. His marketing and negotiation skills, joined with community outreach have helped him build a solid reputation with his clients.
Recently he represented a record-breaking sale for the most expensive home ever sold in Echo Park at 744 Sq. Ft. On the buying side, he knows the terrain, from negotiation, strategy, emerging markets, and the geographic pockets where the hidden gems lay. He continues to empower his clients with this knowledge, helping them get closer to building wealth and financial independence.
When David isn’t listing or selling some of California’s finest homes, he turns his focus to early 20th Century California antiques and collectibles. His e-commerce business Golden State Decor on Etsy celebrates the rich history of the Golden State with one-of-a-kind procured items while contributing directly to the California Conservation Corps Foundation.
