Huntersville Real Estate April 2023
Huntersville Real Estate April 2024 Highlights
Huntersville real estate April 2024 saw average home sale prices decline both month-over-month and year-over-year. The number of properties sold in April improved almost 31.33% from one month ago and almost 18.48% from one year ago. April saw a fourth consecutive month of sale increases. Days on market declined a fourth consecutive month to just 17 days from 24 days one month ago and one year ago. New listings increased a fifth consecutive month and were 16.2% higher than one month ago and 43.48% higher than one year ago. This was the highest level of new listings to come on market since June 2022. Inventory increased a fourth consecutive month to its highest level since October 2022 and was higher both month-over-month and year-over-year. The months supply of inventory declined to 3.48 months, pushing Huntersville back into home seller “territory” in April 2024. A list to sale price ratio of 100.6% provided Huntersville home buyers few opportunities to negotiate on sale price.
Huntersville Real Estate April 2024 Snapshot
HOME SALE PRICES DOWN MONTH-OVER-MONTH & YEAR-OVER-YEAR
Average sale price in April 2024 was $565,513, down 7.1% from $608.748 in the previous month of March. The average home sale price decreased 7.88% from $613,879 in April one year ago.
Median home sale price in April 2024 was $510,000, down 8.93% from $560,00 in the previous month of March. The median home sale price decreased 12.82% from $585,000 in April 2023.
Price per square foot in April 2024 was $226, decreasing 2.59% from $232 in March 2024 (after increasing to its highest level that month since 2021). The price per square foot was 7.11% higher than the $211 in April one year ago.
DAYS ON MARKET DECLINED A FOURTH CONSECUTIVE MONTH
Average days on market in April 2024 were 17 days, down seven days from 24 days one month ago. Year-over-year, average days on market declined 29.17%, also by seven days. Compared with April 2022, current days on market were two days lower. Huntersville’s April 2024 DOM were at their lowest compared with April 2023 and 2022.
HUNTERSVILLE HOUSING INVENTORY UP A FOURTH CONSECUTIVE MONTH
The number of properties for sale in April 2024 was 379, up 7.67% from 352 in the previous month of March. Inventory was 26.76% higher than the 299 properties for sale in April one year ago. Inventory was higher than the 302 properties for sale in April 2022. This was the highest level of inventory in Huntersville since October 2022 when inventory stood at 384 properties for salle.
Despite the increase in inventory in April 2024, the months supply of inventory declined to 3.48 months from the previous month’s MSI 4.28 months, pushing Huntersville back into home seller “territory.”
NEW LISTINGS INCREASED A FIFTH CONSECUTIVE MONTH
The number of new listings in April 2024 was 165, up 16.2% from 142 new listings in the previous month of March. Compared with April 2023, new listings were 43.48% higher, when listings stood at 115. April 2024 listings were lower compared with April 2022, which had 186 new listings. New listings in April 2024 reached their highest level since June 2022, when new listings stood at 211.`
HUNTERSVILLE SALES UP A FOURTH CONSECUTIVE MONTH
Sales improved 31.33% in April 2024 to 109 from 83 in March 2024. Sales increased 18.48% from 92 in April 2023. Sales declined from 128 in April 2022. April 2024 sales were at their highest level since May 2023 when they stood at 122.
LIST TO SALE RATIO OVER 100%
The selling price of 100.6% of list price increasing 0.84% from 99.76% in the previous month. Compared with April one year ago, the list to sale price ratio was flat. Buyers are not seeing much room for negotiating on price in Huntersville.
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MORE INFORMATION ON THE HUNTERSVILLE HOUSING MARKET’S PERFORMANCE
HUNTERSVILLE REAL ESTATE MEDIAN HOME PRICE TRENDS
(12 Month Rolling Average)
DID YOU KNOW…
Huntersville has been rated the 11th best suburb in the Charlotte metro area?
Huntersville has been rated the 23rd best suburb to live in out of 185 suburbs North Carolina suburbs?
Huntersville has been rated the 30th best suburb to raise a family in out of 185 North Carolina suburbs?
Huntersville has been rated the 19th best suburb for young professionals out of 185 North Carolina suburbs?
(rankings provided by niche.com)
HUNTERSVILLE MAP/BOUNDARIES
Contact Nina Hollander with Coldwell Banker Realty if you’d like more information about the buying or selling a home in Huntersville (or in any Greater Charlotte neighborhood, for that matter). I’ve been opening doors for Huntersville home buyers and sellers since 1999.
Huntersville is known for Birkdale Village, an award-winning, mixed-use, open-air shopping center and office and residential community in Huntersville featuring numerous restaurants and cafes, boutiques, movie theatre, office space, and more. It’s the center for popular Huntersville holiday events, including an annual Christmas Tree lighting and the Fourth of July parade.
In addition to Birkdale Village, you’ll find more shopping just minutes away at the Rosedale and Northcross Shopping Centers.
WHAT’S SPECIAL ABOUT LIVING IN HUNTERSVILLE, NORTH CAROLINA
Situated in the heart of Mecklenburg County, just a short drive from Charlotte, lies the vibrant town of Huntersville, a perfect blend of small-town charm and modern amenities. Huntersville offers residents an exceptional quality of life and a welcoming community spirit that makes it an ideal place to call home.
A primary draw of Huntersville is its proximity to Charlotte, North Carolina’s largest city. This strategic location provides residents with easy access to all the cultural, entertainment, and employment opportunities the Queen City has to offer. From world-class dining and shopping to professional sports events and cultural attractions, Huntersville residents enjoy the best of both worlds – the excitement of city life just moments away, coupled with the peacefulness of suburban living.
Huntersville is known for its family-friendly atmosphere and top-notch educational institutions, making it an excellent choice for families looking to put down roots. Huntersville offers a variety of youth programs, recreational activities, and community events so that there’s always something for residents in all stages of life to enjoy. The town is situated near beautiful Lake Norman, North Carolina’s largest man-made lake, offering Huntersville residents the perfect playground for boating, fishing, and water sports.
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PREVIOUS HUNTERSVILLE REAL ESTATE REPORTS
Huntersville Real Estate Report March 2024
Huntersville Real Estate Report February 2024
Huntersville Real Estate Report January 2024
Huntersville Real Estate Report December 2023
