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 May 2022

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.

How much do homes in Huntington Woods, MI cost?

Median Sold Price

$452,500

$262/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2022

+$52,500(+13.1%)

Key Takeaway

Homes in Huntington Woods have sold for 13.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 $312K-
N/A
2 $335K$287.5K
-14.2%
3 $380K$417.5K
+9.9%
4 $525K$727.5K
+38.6%
5+ $700.5K$887.5K
+26.7%

Median Sold Price Compared To Nearby Cities

Huntington Woods
+13.1%
Berkley
+7.1%
Royal Oak
+4.8%
Oak Park
-2.4%

How many homes are available in Huntington Woods, MI?

Number of Homes For Sale

Apr 2023May 2023%
813+62.5%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 00
0.0%
2 00
0.0%
3 67
+16.7%
4 26
+200.0%
5+ 00
0.0%

Number of Homes Sold

Apr 2023May 2023%
27+250.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

7 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. 100% of homes here sold above asking price last month.

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

What housing markets are near Huntington Woods, MI?

About Huntington Woods, MI

Number of homes for sale in Huntington Woods, MI real estate market have reached 13. The number of listings in Huntington Woods, MI increased by 62.5% between April 2023 and May 2023. Between April 2023 and May 2023, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 14.2% more cheaper, prices of 3 bedrooms properties increased by 9.9%, 4 bedrooms properties became 38.6% more expensive, the cost of 5 bedrooms properties went up by 26.7%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes did not move, 3 bedrooms homes became 16.7% more available, 4 bedrooms homes inventory increased by 200%, the quantity of 5 bedrooms homes have not changed. Huntington Woods, MI housing market in May 2023 saw over 7 listings sold above listed price, more than 0 sold at listed price and over 0 sold below.