Is Huntsville, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Huntsville was a Seller's Market.
Key Takeaway
Huntsville 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 Huntsville, TX
How much do homes in Huntsville, TX cost?
Median Sold Price
$265,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Huntsville have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Huntsville was $265,000 in May 2024, up 3.5% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $120K | +41.2% |
| 2 Bedrooms | $145K | $162.5K | +12.1% |
| 3 Bedrooms | $254.5K | $269.9K | +6.1% |
| 4 Bedrooms | $295K | $287K | -2.7% |
| 5+ Bedrooms | $362.5K | $459.7K | +26.8% |
Summary: Huntsville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.2%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 26.8%.
Housing Supply in Huntsville, TX
How many homes are available in Huntsville, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 267 | 269 | +0.7% |
Summary: The Huntsville real estate market had 269 homes for sale in May 2024, a 0.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 24 | 28 | +16.7% |
| 3 Bedrooms | 154 | 150 | -2.6% |
| 4 Bedrooms | 70 | 69 | -1.4% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Huntsville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 42 | -6.7% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Huntsville, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in Huntsville in May 2024, down by 6.7% month-over-month. Of the 42 sold homes, 67% were sold under asking, 24% were sold at asking, and 10% were sold over asking.
Days on Market for Huntsville, TX
How long does it take to sell a home in Huntsville, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 60 Days | 58 Days | -3.5% |
Summary: Homes in Huntsville had an average of 58 days on market in May 2024, down by 3.5% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Huntsville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 42 homes were sold in Huntsville; 60% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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