Huntsville, AL
Housing Market
Huntsville's housing market is dynamic, with home prices and demand constantly shifting. Houzeo's housing market report monitors these fluctuations, providing real-time insights into Huntsville's supply and demand trends. Our report equips you with all the information you need to make well-informed decisions.
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Buy or SellHuntsville Housing Market Overview
The Huntsville, AL, housing market remains active, with strong sales despite steady home prices. The median home price is $327,425, a slight 0.2% decrease year-over-year. Homes spend an average of 58 days on the market, and 310 properties were sold this month---a 25.5% increase from last year.
Huntsville appeals to a wide range of buyers with its mix of golf course communities, historic homes, and modern developments. The city offers great value and a growing job market fueled by tech and research industries. Its blend of innovation and Southern charm attracts new residents and investors alike.
Huntsville appeals to a wide range of buyers with its mix of golf course communities, historic homes, and modern developments. The city offers great value and a growing job market fueled by tech and research industries. Its blend of innovation and Southern charm attracts new residents and investors alike.
Median Sale Price
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Huntsville Housing Supply
Huntsville attracts both investors and homebuyers with its strong job market and affordability. There are currently 877 homes for sale in Huntsville, Alabama---up 19.6% from last year. This includes 389 new homes, offering buyers more choices. With 2.8 months of housing supply, the market leans slightly in favor of sellers.
Like many Southern cities, the housing market in Huntsville, AL, sees the most activity in spring and early summer. Both buyers and sellers look to close before the heat sets in. Popular neighborhoods like Hampton Cove, Five Points, and Research Park draw different types of buyers. As inventory grows, buyers should take time to research properties carefully. Before making an offer, consider potential negotiation points or requesting seller incentives to get the best value.
Like many Southern cities, the housing market in Huntsville, AL, sees the most activity in spring and early summer. Both buyers and sellers look to close before the heat sets in. Popular neighborhoods like Hampton Cove, Five Points, and Research Park draw different types of buyers. As inventory grows, buyers should take time to research properties carefully. Before making an offer, consider potential negotiation points or requesting seller incentives to get the best value.
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Huntsville Housing Demand
The city's housing market shows signs of shifting competition. Right now, only 13.9% of houses in Huntsville, Alabama, sell above the list price---a drop of 2.7 percentage points from last year. Meanwhile, 30.4% of sellers accept less than asking. The average sale-to-list price ratio is 97.9%, meaning most homes sell just below the listed price. Overall, buyers have gained some negotiating power in this active market.
Sellers who price their homes strategically from the start are more likely to attract serious buyers and avoid price cuts. Offering concessions can also help close deals faster. Listing on the Alabama MLS can increase your home's visibility. For those purchasing homes in Huntsville, AL, the rising inventory offers more options. Focus on homes with recent price drops or longer market time for the most favorable outcome.
Sellers who price their homes strategically from the start are more likely to attract serious buyers and avoid price cuts. Offering concessions can also help close deals faster. Listing on the Alabama MLS can increase your home's visibility. For those purchasing homes in Huntsville, AL, the rising inventory offers more options. Focus on homes with recent price drops or longer market time for the most favorable outcome.
Homes Sold Above List Price
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Strong
Buyer
Buyer
Balanced
Seller
Strong
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Buyer’s Market
Seller’s Market
Balanced: Neither buyers nor sellers dominate the market. Supply meets demand, prices stay stable, and both parties negotiate on an equal footing.
Huntsville Housing Market: When to Buy or Sell?
Like the Alabama real estate market, the Huntsville housing market can favor both buyers and sellers as per seasonal trends. When competition is low with increased inventory, buyers have more negotiation opportunities. Contrarily, sellers can benefit from higher prices and quicker sales when demand outpaces supply.
Moreover, if the months of Huntsville's housing supply rise above the balanced conditions of the US real estate market (5 to 6 months), it may give buyers more time to consider their options. Understanding these market forces can help you time your purchase or sale strategically.
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Frequently Asked Questions
How have Huntsville house prices changed over the past year?
Huntsville housing prices have decreased minimally by 0.2% over the past year. Values currently hold steady at $327,425 in today's market. To determine your property's current value, try our free home value estimator to assess your property's current market value and compare it with nearby sales.
What are Huntsville real estate market predictions for 2025?
Home prices in Huntsville, Alabama, will likely maintain stability, with potential modest growth in the coming months. Demand should remain strong, although rising mortgage rates may affect affordability. However, affordability is a challenge due to high home prices and rising mortgage rates.
What's the average home price in Huntsville?
The average house price in Huntsville depends on factors like home type, size, and local market conditions. They range from $170,000 for condos to $279,900 for townhouses. If you're looking to buy, there are cheap homes for sale in Huntsville that can fit your budget.
Is this a good time to buy a home in Huntsville, AL?
Make sure to check the current trends in housing prices and inventory in your city. Sellers can benefit from high demand and rising prices. However, if the mortgage rates are stable and there are more than 6 months of supply, that's the best time to buy a house. You can also check current housing market trends in Huntsville to decide the best time for investment.
How is the housing market right now in Huntsville?
The housing market in Huntsville demonstrates remarkable transaction growth despite stable prices. Properties typically sell within 58 days of listing. Price negotiations occur more frequently as inventory options expand.
When will the Huntsville housing market crash?
A housing market crash in Huntsville is highly unlikely. The price stability combined with sales volume growth indicates sound market conditions. Huntsville's continuing appeal to the technology and aerospace sectors supports long-term stability.
How to buy a home in Huntsville?
The steps to purchasing a house in Huntsville must start with a clear budget and mortgage pre-approval. Buyers should then search for homes for sale in Huntsville, submit offers, secure loans, and complete the closing process.
How can I list my home for sale in Huntsville, AL?
You can list your home for sale with a Flat Fee MLS Alabama listing service. High-tech MLS listing sites like Houzeo automatically assign the right MLS paperwork based on your location. 🚀
What is the average mortgage rate for buyers in Huntsville?
The average mortgage rate for buyers fluctuates between 5.92% and 6.83%. It depends on the market and the borrower's credit score. Always check current rates with lenders before you apply for a loan.
What is the cost of living in Huntsville, Alabama?
The cost of living in Huntsville is 8% below the national average. Housing remains remarkably affordable despite strong economic growth. The typical home averages $327,425. Utilities are also relatively affordable.
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