Is Huntington Woods, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Huntington Woods is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Huntington Woods has remained a Seller's Market.

Key Takeaway

Huntington Woods is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Huntington Woods, MI

How much do homes in Huntington Woods, MI cost?

Median Sold Price

$462,500

$274/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$35,050(+8.2%)

Key Takeaway

Homes in Huntington Woods have sold for 8.2% more than they did a year ago.

Summary: The median home sold price in Huntington Woods was $462,500 in April 2024, up 8.2% from last year, and the median price per square foot was $274.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $290K$392K
+35.2%
3 $420K$437.5K
+4.2%
4 $720K$532K
-26.1%
5+ $725K$1.0M
+39.6%

Summary: Huntington Woods housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.2%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 26.1%, and 5+ bedroom homes increased by 39.6%.

Median Sold Price Compared To Nearby Cities

Royal Oak
+9.3%
Huntington Woods
+8.2%
Berkley
+7.7%
Oak Park
+3.4%

Housing Supply in Huntington Woods, MI

How many homes are available in Huntington Woods, MI?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1318+38.5%

Summary: The Huntington Woods real estate market had 18 homes for sale in April 2024, a 38.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 1214
+16.7%
4 12
+100.0%
5+ 01
+100.0%

Summary: The Huntington Woods housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
310+233.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Huntington Woods, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Huntington Woods in April 2024, up by 233.3% month-over-month. Of the 10 sold homes, 10% were sold under asking, 10% were sold at asking, and 80% were sold over asking.

Days on Market for Huntington Woods, MI

How long does it take to sell a home in Huntington Woods, MI?

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Huntington Woods are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 10 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Huntington Woods, MI

Nearby Markets to Huntington Woods, MI

What housing markets are near Huntington Woods, MI?