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Market Intelligence · MI / Wayne County

Highland Park, MI home prices and housing market

1 ZIP market liveData updated September 2026Typical value$60K1-yr changeDown6.6%

The typical home value in Highland Park, MI is $60K as of September 2026, down 6.6% from a year ago, based on the Zillow Home Value Index. In the typical Highland Park ZIP code, the median list price is $60K and homes spend a median of 70 days on market as of September 2026 (Realtor.com).

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The coverage

Highland Park, by the numbers.

Typical home valueZillow ZHVI, September 2026
$60K
1-yr changeMedian across Highland Park ZIPs
-6.6%
ZIP markets live
1
County
Wayne County

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12-month value trend

-6.6% over 12 months

Typical home value in Highland Park over the last 12 months: $65K in Sep 2025 to $60K in Sep 2026 (-6.6%).

Sep 2025$65K

Sep 2026$60K

Median Zillow home value index across Highland Park's ZIP codes.

Context

Highland Park's housing market is showing softness in September 2026. The typical home value stands at $60,415, down 6.6% over the past year. There are 127 homes for sale, with a median list price of $59,925. Homes are spending a median of 70 days on market, and 30.0% of listings have received a price cut. For homeowners considering a sale, the combination of declining values and lengthening sale times suggests this is a buyer-favored environment.

The numbers

What is the housing market like in Highland Park, MI?

Typical home value

$60K

Down6.6%YoY

Median list price

$60K

Days on market

70

Homes for sale

127

Price cuts

30.0%

New listings

28

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Highland Park's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Highland Park, MI home prices over time

Typical home values in Highland Park, MI are down 6.6% over the past year, from $65K in September 2025 to $60K in September 2026.

Typical home value in Highland Park, MI, September of each year
MonthTypical value1-yr change
September 2026$60,415-6.6%
September 2025$64,676No prior year

Typical value is the median Zillow Home Value Index across Highland Park ZIP codes, taken in September of each year so every row compares the same month.

Market balance

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

Highland Park, MI leans toward a buyer's market.

Homes are taking longer to sell, a large share of listings have cut their asking price, and homes for sale are building up relative to new listings, which gives buyers more room to negotiate.

Based on a median of 70 days on market and 30% of listings with a price cut in the typical Highland Park ZIP code, and 28 new listings against 127 active listings across Highland Park, as of September 2026 (Realtor.com).

The outlook

Highland Park housing market forecast 2027

+1.0%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 1 Highland Park ZIP code, points to typical home values rising 1.0% by September 2027.

Over the 12 months through September 2026, typical home values in Highland Park fell 6.6%, per the Zillow Home Value Index.

Will home prices drop in Highland Park?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Highland Park shows typical home values rising 1.0% by September 2027, after a 6.6% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 1 Highland Park ZIP code has both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Highland Park?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier.

Zillow ZHVI, September 2026

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Common questions

Questions about Highland Park, MI home prices.

What is a typical home worth in Highland Park?

The typical home value in Highland Park is $60,415 as of September 2026, down 6.6% from the prior year.

How long do homes take to sell in Highland Park?

Homes spend a median of 70 days on market in Highland Park. About 30.0% of listings have had their price reduced.

How many homes are currently for sale in Highland Park?

There are 127 homes for sale in Highland Park as of September 2026, with 28 new listings added recently.

Are home prices going up or down in Highland Park, MI?

Typical home values in Highland Park, MI are down 6.6% over the past year, based on the Zillow Home Value Index as of September 2026.

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

Highland Park, MI leans toward a buyer's market. Homes are taking longer to sell, a large share of listings have cut their asking price, and homes for sale are building up relative to new listings, which gives buyers more room to negotiate. Based on a median of 70 days on market and 30% of listings with a price cut in the typical Highland Park ZIP code, and 28 new listings against 127 active listings across Highland Park, as of September 2026 (Realtor.com).

Nearby markets

More Michigan housing markets.

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