Highland Terrace currently leans toward sellers, with the market gauge signaling a seller’s market. Months of supply sits at 2.1, still below the roughly balanced range. Homes are also moving quickly, with a median of 11 days on market in this rolling three-month view.
Conditions have shifted over the past year even as prices have eased. The typical home value in the neighborhood is down compared with a year ago, yet nearly half of recent sales closed above list price and the average sale-to-list ratio is just under 102 percent. New listings and pending sales are both up solidly year over year, pointing to more activity and stronger demand. Compared with the broader Richmond market, Highland Terrace has a lower typical sale price but slightly more inventory relative to sales, suggesting a bit more room for buyers while still favoring sellers.
Sales volume has also increased on a rolling three-month basis, with more homes sold than a year ago. At the same time, days on market have dropped sharply over the year, indicating that well-priced homes can still go under contract quickly. With only 11 active listings recently, options are limited, which helps support seller leverage despite the softer price trend. Buyers and sellers who want to navigate these mixed signals can use Agent Pronto to connect with a local agent who understands the Highland Terrace market in detail.
