Is Huntsville, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Huntsville is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Huntsville was a Neutral Market.

Key Takeaway

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

Housing Prices in Huntsville, TN

How much do homes in Huntsville, TN cost?

Median Sold Price

$290,000

$152/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$383,000(-56.9%)

Key Takeaway

Homes in Huntsville have sold for 56.9% less than they did a month ago.

Summary: The median home sold price in Huntsville was $290,000 in May 2024, down 56.9% from last month, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 $1.1M$290K
-74.5%
3 $210K-
N/A
4 --
N/A
5+ --
N/A

Summary: Huntsville housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 74.5%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Huntsville, TN

How many homes are available in Huntsville, TN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1213+8.3%

Summary: The Huntsville real estate market had 13 homes for sale in May 2024, a 8.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 33
0.0%
3 45
+25.0%
4 44
0.0%
5+ 11
0.0%

Summary: The Huntsville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Huntsville, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Huntsville in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Huntsville, TN

How long does it take to sell a home in Huntsville, TN?

Average Sale Time

Apr 2024May 2024CHANGE
291 Days33 Days-88.7%

Summary: Homes in Huntsville had an average of 33 days on market in May 2024, down by 88.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Huntsville has remained consistent over time.

Summary: During May 2024, 1 homes were sold in Huntsville; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 1 Day Ago

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