Is Huntington Woods, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Huntington Woods has remained a Seller's Market.
Housing Prices in Huntington Woods, MI
How much do homes in Huntington Woods, MI cost?
Median Sold Price
$467,500
$278/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Huntington Woods was $467,500 in May 2024, up 4.8% from last year, and the median price per square foot was $278.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $287.5K | $352.5K | +22.6% |
3 Bedrooms | $420K | $450K | +7.1% |
4 Bedrooms | $735K | $542.5K | -26.2% |
5+ Bedrooms | $887.5K | $1.0M | +14.0% |
Summary: Huntington Woods housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 26.2%, and 5+ bedroom homes increased by 14%.
Housing Supply in Huntington Woods, MI
How many homes are available in Huntington Woods, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 17 | -5.6% |
Summary: The Huntington Woods real estate market had 17 homes for sale in May 2024, a 5.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 15 | 11 | -26.7% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Huntington Woods housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 26.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 8 | -27.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Huntington Woods in May 2024, down by 27.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% were sold over asking.
Days on Market for Huntington Woods, MI
How long does it take to sell a home in Huntington Woods, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
7 Days | 5 Days | -22.0% |
Summary: Homes in Huntington Woods had an average of 5 days on market in May 2024, down by 22% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Huntington Woods; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.