Is Northeast Huntsville, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northeast Huntsville is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Northeast Huntsville was a Seller's Market.

Key Takeaway

Northeast Huntsville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Northeast Huntsville, AL

How much do homes in Northeast Huntsville, AL cost?

Median Sold Price

$271,000

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$4,000(-1.5%)

Key Takeaway

Homes in Northeast Huntsville have sold for 1.5% less than they did a year ago.

Summary: The median home sold price in Northeast Huntsville was $271,000 in September 2024, down 1.5% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $90K$85K
-5.6%
2 $216K$227K
+5.1%
3 $272.5K$259.7K
-4.7%
4 $316.5K$317K
0.2%
5+ $486K$425K
-12.6%

Summary: Northeast Huntsville housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes increased by 5.1%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 12.6%.

Median Sold Price Compared To Nearby Neighborhoods

Northeast Huntsville
-1.5%
Five Points
-5.2%

Housing Supply in Northeast Huntsville, AL

How many homes are available in Northeast Huntsville, AL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
6075+25.0%

Summary: The Northeast Huntsville real estate market had 75 homes for sale in September 2024, a 25.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 22
0.0%
2 79
+28.6%
3 3341
+24.2%
4 813
+62.5%
5+ 1010
0.0%

Summary: The Northeast Huntsville housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 24.2%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
59+80.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northeast Huntsville, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Northeast Huntsville in September 2024, up by 80.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 0% were sold at asking, and 44% were sold over asking.

Days on Market for Northeast Huntsville, AL

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Sep 1, 2024

Newest Listings in Northeast Huntsville, AL

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