Is Highland Park, MI 48203 a buyer’s or seller’s market?

The Highland Park housing market right now

In the three months ending August 31, 2026, 13% of homes in Highland Park, MI 48203 sold above their list price, the typical home went under contract in 57 days and there were 13.9 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 31 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 21%, homes sold faster (86 days then) and the median sale price rose 12% to $91,965. Overall, Highland Park is about as competitive as it was a year ago.

Within Wayne County, homes here sell more slowly than in 88% of the county’s ZIP codes, and sell less often over asking than in 86%. On our competition score, Highland Park ranks #494 of 510 MI ZIP codes with enough sales (score 17 out of 100).

Nearby, buyers who want less competition could look at Dearborn 48120 (0% sold over asking) or Detroit 48201 (5% sold over asking), while Dearborn 48128 (72% sold over asking) and Livonia 48154 (59% sold over asking) are even more competitive.