Highland Beach, FL Real Estate Market
Is Highland Beach a Buyer's Market?
If you're shopping in Highland Beach right now, the pace is on your side. There are 137 homes listed today against 200 sales over the past year. That works out to 8.2 months of supply, which puts the market leaning toward buyers. In practical terms, sellers here are competing for your attention, not the other way around.
Recent sales show the same thing. The median home took 107 days to sell, so you can usually tour a place, sleep on it, and come back for a second look before deciding. Homes closed at a median of 93.3% of their final list price, and only 1% sold above asking. An offer under the list price is a normal starting point here, and you don't need to brace for a bidding war. Use that time to do your homework on the building and the association before you commit.
Highland Beach Homes with an HOA
Almost everything you'll look at in Highland Beach comes with an association: 97% of homes report an HOA. The association's finances and the building's upkeep shape your monthly costs as much as the purchase price does. When I compare two similar units, the association documents often decide it.
The typical home is a 2-bedroom, 2-bath of about 1,530 sq ft. Two-bedroom homes make up 60% of what has sold or is listed, and three-bedroom homes account for 27%. If you need that extra bedroom for guests or an office, expect a shorter list to choose from. When the right one comes up, it's worth moving on it.
Older Buildings in Highland Beach
The typical home here was built around 1981, so most of the buildings you'll walk through have some years behind them. That isn't a reason to pass. It just means two units with similar finishes can carry very different futures, depending on what the building has already taken care of. A freshly renovated kitchen matters less than a roof, plumbing, or elevator that's nearing the end of its life. The interior is what you see on a showing, but the building's condition is what you're really buying into.
Highland Beach Home Prices
The median sold price over the past year was $1,000,000, at a median of $580 per square foot. Price per square foot is the more useful yardstick when you're weighing a smaller unit against a larger one in a different building.
A little over half of sales, 51%, landed at $1,000,000 and up. If your budget sits below that line, you still have real choices:
- 22% of sales fell between $500,000 and $750,000. That's the largest share of sales below the median price.
- 16% sold between $750,000 and $1,000,000.
- Lower prices are much less common. 8% of sales were between $400,000 and $500,000, and 4% were between $300,000 and $400,000.
If you're aiming for those lower ranges, set up alerts and be ready to tour quickly. With so few sales at those prices, a good fit won't come along often.
Townhomes for Sale in Highland Beach
If you'd rather not live in a stacked building, townhomes are an option, though a small one: they make up 7% of homes that have sold or are on the market. Most townhomes still come with an association, so the same questions about fees and upkeep apply. Because they're a small slice of the market, one that checks your boxes may not come along again for a while.
Questions to Ask Before Buying in Highland Beach
- With 97% of homes reporting an HOA: what does the association fee cover, and are any special assessments planned or under discussion?
- With the typical home built around 1981: which building systems, such as the roof, plumbing, electrical, and elevators, have been replaced, and when?
- Also tied to that age: what do the association's reserves and recent inspection reports say about upcoming repairs?
- For a townhome, which are only 7% of homes here: what does the association maintain, and what is the owner responsible for?
Buying a home in Highland Beach
Not sure which part of Highland Beach is right for you, or what your budget will get you? Chris Kull can help you sort through the options and narrow down your search.
Tell me what you are looking for and I can set up a search that matches your criteria, with updates as new homes become available. Call or text 561-440-0777 or send me a message.
