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 neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Huntington Woods was a Seller's Market.

Key Takeaway

Huntington Woods is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Huntington Woods, MI

How much do homes in Huntington Woods, MI cost?

Median Sold Price

$480,000

$291/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$5,000(+1.1%)

Key Takeaway

Homes in Huntington Woods have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in Huntington Woods was $480,000 in September 2024, up 1.1% from last year, and the median price per square foot was $291.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $392K$313K
-20.2%
3 $460K$455K
-1.1%
4 $633.5K$542.5K
-14.4%
5+ $1.0M$1.0M
-2.1%

Summary: Huntington Woods housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20.2%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 14.4%, and 5+ bedroom homes decreased by 2.1%.

Median Sold Price Compared To Nearby Cities

Berkley
+7.3%
Oak Park
+6.8%
Royal Oak
+4.5%
Huntington Woods
+1.1%

Housing Supply in Huntington Woods, MI

How many homes are available in Huntington Woods, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1619+18.8%

Summary: The Huntington Woods real estate market had 19 homes for sale in September 2024, a 18.8% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 87
-12.5%
4 59
+80.0%
5+ 33
0.0%

Summary: The Huntington Woods housing inventory by bedroom type for September 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 12.5%, 4 bedroom homes increased by 80%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 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. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Huntington Woods in September 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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

Sep 2023Sep 2024CHANGE
7 Days8 Days+20.4%

Summary: Homes in Huntington Woods had an average of 8 days on market in Sep 2024, up by 20.4% compared to last year.

Breakdown of Home Sale Times

3 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 September 2024, 3 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 30 Days Ago

Newest Listings in Huntington Woods, MI

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