Huntersville Real Estate May 2024
Huntersville Real Estate May 2024 Highlights
Huntersville real estate May 2024 saw home sale prices decline, except for an increase in the average sale price month-over-month. The number of properties sold in May increased a fifth consecutive month and also year-over-year. Days on market increased by three days after four consecutive months of declines. Nonetheless, 21 days on market would be considered low by any measure. New listings declined in May after five consecutive months of increases. By the same token, new listings in May 2024 were at their second highest level since July 2022. Inventory increased a fifth 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 2.92 months from 3.48 months one month ago, keeping Huntersville in home seller “territory” in May 2024. A list to sale price ratio of 99.69% provided Huntersville home buyers minimal opportunity to negotiate on sale price.
Huntersville Real Estate May 2024 Snapshot
HOME SALE PRICES MIXED
Average sale price in May 2024 was $599,391, up 5.89% from $566,029 in the previous month of April. The average home sale price decreased 2.39% from $614,064 in May one year ago.
Median home sale price in May 2024 was $500,000, down 3.85% from $520,00 in the previous month of April. The median home sale price decreased 13.04% from $575,000 in May 2023. The May 2024 median home sale price was at its lowest level compared with May 2023 and 2022.
Price per square foot in May 2024 was $236, increasing 4.42% from $226 in April 2024. The price per square foot was 7.11% higher than the $220 in May one year ago. The May 2023 price per square foot was at its highest level since 2021.
DAYS ON MARKET INCREASED AFTER FOURTH CONSECUTIVE MONTHS OF DECLINE
Average days on market in May 2024 were 21 days, up three days from 18 days one month ago. Year-over-year, average days on market declined 34.38%, by 11 days. Compared with May 2022, current days on market were 15 days higher in May 2024.
HUNTERSVILLE HOUSING INVENTORY UP A FIFTH CONSECUTIVE MONTH
The number of properties for sale in May 2024 was 389, up 3.18% from 377 in the previous month of April. Inventory was 26.71% higher than the 307 properties for sale in May one year ago. Inventory was higher than the 337 properties for sale in May 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 May 2024, the months supply of inventory declined to 2.92 months from 3.48 months in the previous month, keeping Huntersville in home seller “territory.”
NEW LISTINGS DECLINED AFTER FIVE CONSECUTIVE MONTHS OF INCREASES
The number of new listings in May 2024 was 150, down 9.09% from 165 new listings in the previous month of April. Compared with May 2023, new listings were 32.74% higher, when listings stood at 113. May 2024 listings were lower compared with May 2022, which had 227 new listings. New listings in May 2024 were at their second highest level since July 2022, when new listings stood at 154.
HUNTERSVILLE SALES UP A FIFTH CONSECUTIVE MONTH
Sales improved 17.7% in May 2024 to 133 from 113 in April 2024. Sales increased 9.02% from 122 in May 2023. Sales were flat compared with May 2022, which also saw 133 sales. May 2024 sales were at their highest level since October 2022 when they stood at 148.
LIST TO SALE RATIO JUST UNDER 100%
The selling price of 99.69% of list price declined from 100.6% in the previous month. Compared with May 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 April 2024
Huntersville Real Estate Report March 2024
Huntersville Real Estate Report February 2024
Huntersville Real Estate Report January 2024
Huntersville Real Estate Report December 2023
