The Highland Terrace housing market is somewhat competitive. The median sale price of a home in Highland Terrace was $385K last month, up 42.6% since last year. The median sale price per square foot in Highland Terrace is $234, up 27.2% since last year.
What is the housing market like in Highland Terrace today?
In March 2024, Highland Terrace home prices were up 42.6% compared to last year, selling for a median price of $385K. On average, homes in Highland Terrace sell after 20 days on the market compared to 16 days last year. There were 15 homes sold in March this year, up from 9 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$385,000
+42.6% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Highland Terrace, TX
$385,000
+42.6%
United States
To compare other locations to the Highland Terrace and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Richardson add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Highland Terrace housing market?
Highland Terrace is somewhat competitive. Homes sell in 26 days.
0
100
67
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
Some homes get multiple offers.
The average homes sell for about 3% below list price and go pending in around 26 days.
Hot homes
can sell for about 1% above list price and go pending in around 11 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Highland Terrace housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Highland Terrace.
Risk Factor
Flood Factor - Minor
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Highland Terrace has a minor risk of flooding. 132 properties in Highland Terrace are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in Highland Terrace. Flood risk is increasing slower than the national average.
2% of properties are at risk of wildfire over the next 30 years
Fire Factor
Highland Terrace has a minor risk of wildfire. There are 41 properties in Highland Terrace that have some risk of being affected by wildfire over the next 30 years. This represents 2% of all properties in Highland Terrace.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
Highland Terrace has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Highland Terrace is most at risk from hurricanes. 2,008 properties in Highland Terrace have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 78 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 81 mph.
100% of properties are at severe
risk of heat over the next 30 years
Heat Factor
Highland Terrace has a severe risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Highland Terrace have a Severe Heat Factor®.
Highland Terrace is expected to see a 242% increase in the number of days over 109ºF over the next 30 years. Highland Terrace is expected to experience 8