Huntersville Real Estate Snapshot: November 2023
Huntersville real estate in November 2023 saw both average and median home sale prices decline from the prior month and from the same month in 2022. The number of properties sold also declined month-over-month and year-over-year. Days on market were down to 24 days. New listings decreased from October 2023, but increased compared with November one year ago. Inventory declined in November from one year ago and was flat compared with one month ago. The months supply of inventory increased to 4.69 months. Huntersville is gradually shifting towards a balanced market between home buyers and sellers. List to sale price ratio was just under 100%, providing home buyers few opportunities to negotiate on sale price despite the shift towards a balanced market.
Huntersville Housing Market Highlights: November 2023
HOME SALE PRICES DECLINED IN HUNTERSVILLE
Average sale price in November 2023 was $542,177, down 15.57% from $642,178 in October. Year-over-year, the average home sale price was 2.37% lower than in November 2022 when it was $555,311. The high average sale price in October was a bit of an anomaly so no surprise it declined month-over-month.
Median home sale price in November 2023 was $557,5000, down 14.49% from $535,000 in the previous month of October. The median home sale price declined 11.59% from $517,500 in November 2022. The November 2023 median sale price was at its lowest level compared with November 2022 and 2021.
Price per square foot in November 2023 was $217, decreasing 3.56% from $225 in October. The price per square foot was 3.83% higher than the $209 in November one year ago.
DAYS ON MARKET DECLINED IN NOVEMBER
Average days on market in November 2023 were 24 days, down 11.11% from 27 days one month ago. Year-over-year, average days on market declined seven days compared with November 2022. Compared to November 2021, current days on market were 13 days higher. November’s days on market were six days lower than the year-to-date DOM of 30.
HUNTERSVILLE HOUSING INVENTORY DECREASED YEAR-OVER-YEAR
The number of properties for sale in November 2023 was 347, essentially flat compared with October’s 346 properties for sale. Inventory was 10.34% lower than the 387 properties for sale in November 2022. Inventory was higher than the 318 properties for sale in November 2021. With 4.69 months supply of inventory, Huntersville is gradually becoming a balanced market between home buyers and home sellers.
NEW LISTINGS DOWN MONTH-OVER-MONTH, UP YEAR-OVER-YEAR
The number of new listings in November 2023 was 87, down 22.32% from 112 new listings in the previous month of October. Compared with November 2022, new listings were higher, which had 65 new listings. November 2023 listings were much lower compared with November 2021, which had 122 new listings.
HUNTERSVILLE SALES DOWN
Sales decreased 8.64% in November 2023 to 74 from 81 in October 2023. Sales declined 27.45% from 102 in November 2022. Sales declined from 143 in November 2021.
LIST TO SALE RATIO OF 99+% WAS FLAT YEAR-OVER-YEAR & MONTH-OVER-MONTH
The selling price of 99.11% of list price was essentially flat month-over-month and year-over-year. Buyers clearly are not seeing much room for negotiating on price in Huntersville, despite the fact that the months supply of inventory in Huntersville is pushing it towards a balanced market.
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MORE INFORMATION ON THE HUNTERSVILLE HOUSING MARKET’S PERFORMANCE
MEDIAN HOME SALE PRICE TRENDS FOR HUNTERSVILLE
(12 Month Rolling Average)
DID YOU KNOW…
Huntersville has been rated the 10th best suburb in the Charlotte metro area?
Huntersville has been rated the 17th best suburb to live in out of 184 suburbs North Carolina suburbs?
Huntersville has been rated the 23rd best suburb to raise a family in out of 184 North Carolina suburbs?
Huntersville has been rated the 14th best suburb for young professionals out of 184 North Carolina suburbs?
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). We’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.
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