Huntersville Real Estate January 2024
Huntersville Real Estate January 2024 Highlights
Huntersville real estate January 2024 saw home sale prices mostly down, albeit not by a lot. Only the median sale price improved year-over-year. The number of properties sold declined a fourth consecutive month to its lowest level in one year. Days on market were up by seven days to 38 from one month ago, but remained lower compared with January one year ago. New listings increased month-over-month, but remained lower year-over-year. Inventory declined in January from one month and one year ago. The months supply of inventory increased to 5.55 months. Huntersville has shifted towards a balanced market between home buyers and sellers. List to sale price ratio was just under 99.03%, providing home buyers few opportunities to negotiate on sale price despite the shift towards a balanced market.
Huntersville Real Estate January 2024 Snapshot
HOME SALE PRICES SOMEWHAT LOWER
Average sale price in January 2024 was $556,596 down 4.5% from $582,818 in December. Year-over-year, the average home sale price was 3.04% lower than in January 2023 when it was $574,025.
Median home sale price in January 2024 was $495,923, up 5.9% from $468,300 in the previous month of December. The median home sale price declined 7.22% from January 2023.
Price per square foot in January 2024 was $222, increasing 4.72% from $212 in December 2023. The price per square foot was 4.23% higher than the $213 in January one year ago.
DAYS ON MARKET UP MONTH-OVER-MONTH | DOWN YEAR-OVER-YEAR
Average days on market in January 2024 were 38 days, up from 29 days one month ago. Year-over-year, average days on market declined 24% by 12 days compared with January 2023. Compared with January 2022, current days on market were 18 days higher.
HUNTERSVILLE HOUSING INVENTORY DOWN MONTH-OVER-MONTH & YEAR-OVER-YEAR
The number of properties for sale in January 2024 was 305, down 4.69% from 320 in the previous month of December. Inventory was 5.57% lower than the 323 properties for sale in January one year ago. Inventory was higher than the 286 properties for sale in January 2022. With 5.55 months supply of inventory, Huntersville has turned the corner becoming a balanced market between home buyers and home sellers.
NEW LISTINGS INCREASED MONTH-OVER-MONTH | DOWN YEAR-OVER-YEAR
The number of new listings in January 2024 was 81, up 30.65% from 62 new listings in the previous month of December. Compared with January 2023, new listings were lower, compared with 91 new listings one year ago. January 2024 listings were much lower compared with January 2022, which had 127 new listings.
HUNTERSVILLE SALES DOWN A 4th CONSECUTIVE MONTH
Sales decreased 8.33% in January 2024 to 55 from 60 in December 2023. Sales declined 1.85% from 54 in January 2023. Sales declined from 124 in January 2022. January’s sales were the lowest since January 2023, when Huntersville saw 54 sales.
LIST TO SALE RATIO OF 99+% WAS FLAT YEAR-OVER-YEAR & MONTH-OVER-MONTH
The selling price of 99.03% of list price was essentially flat month-over-month and year-over-year. Buyers are not seeing much room for negotiating on price in Huntersville, despite the fact that the months supply of inventory in Huntersville has pushed it into a balanced market.
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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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