Is Highland Lakes, NJ 07422 a buyer’s or seller’s market?

The Highland Lakes housing market right now

In the three months ending August 31, 2026, 62% of homes in Highland Lakes, NJ 07422 sold above their list price, the typical home went under contract in 24 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 35 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 65%, homes sold about as fast and the median sale price rose 12% to $439,810. Overall, Highland Lakes is less competitive than a year ago, which gives buyers more room.

Within Sussex County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in 67%. On our competition score, Highland Lakes ranks #141 of 444 NJ ZIP codes with enough sales (score 85 out of 100).

Nearby, buyers who want less competition could look at Augusta 07822 (0% sold over asking) or Vernon 07462 (30% sold over asking), while Andover 07821 (71% sold over asking) and Stanhope 07874 (69% sold over asking) are even more competitive.