Highland Beach, FL 33487 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market value signal is the median sold price: 869,000, which indicates recent transaction-level pricing and suggests pricing is grounded in closed sales rather than asking expectations; paired with a median days on market: 380, this points to slower sales velocity and greater negotiation time for sellers (balanced but slow market).
2. There is a significant spread between median listing price: 2,846,250 and the median sold price: 869,000, which may indicate seller pricing expectations materially above realized trade levels and could create pricing friction or longer listing periods for higher-priced SFR and condominium inventory (down).
3. Market trend signals show price year-over-year trend: down and rent year-over-year trend: down, implying both sale and rental pricing pressures; given this dual softness, owners considering disposition or lease renewals should price competitively to avoid extended time on market (down).
4. Macro headwinds remain relevant: interest rate pressure: elevated with prevailing financing conditions that may limit affordability, while the market temperature: neutral suggests supply and demand are relatively balanced despite slower transaction speed; under these conditions, moderate pricing adjustments and targeted marketing may be the most effective tactics to improve liquidity (elevated).

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.