Is Huntington Woods, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Huntington Woods was a Seller's Market.
Key Takeaway
Huntington Woods is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Huntington Woods, MI
How much do homes in Huntington Woods, MI cost?
Median Sold Price
$474,900
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Huntington Woods have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Huntington Woods was $474,900 in March 2024, up 10.5% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $290K | $392K | +35.2% |
| 3 Bedrooms | $417.5K | $455K | +9.0% |
| 4 Bedrooms | $682.2K | $532K | -22.0% |
| 5+ Bedrooms | $887.5K | $1.0M | +14.0% |
Summary: Huntington Woods housing prices by bedroom type for March 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 9%, 4 bedroom homes decreased by 22%, 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
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 16 | +6.7% |
Summary: The Huntington Woods real estate market had 16 homes for sale in March 2024, a 6.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Huntington Woods housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 30%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 2 | -80.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Huntington Woods, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Huntington Woods in March 2024, down by 80.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 10 Days | 16 Days | +65.0% |
Summary: Homes in Huntington Woods had an average of 16 days on market in Mar 2024, up by 65% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Huntington Woods are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 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.
