Huntersville Real Estate March 2024
Huntersville Real Estate March 2024 Highlights
Huntersville real estate March 2024 saw average home sale prices improve both month-over-month and year-over-year. The number of properties sold in February improved almost 14% from one month ago and almost 27% from one year ago. March 2024 saw a second consecutive month of improvement in sales. Days on market declined 27.7% to just 24 days from 33 days one month ago and 14 days (-36.86%) from one year ago. New listings increased a fourth consecutive month and were 54.35% higher than one month ago and 21.37% higher than one year ago. Inventory increased a third consecutive month and was higher both month-over-month and year-over-year. The months supply of inventory stood at 4.28 months. Huntersville has just barely shifted into a balanced market between home buyers and sellers. List to sale price ratio of 99.76% provided Huntersville home buyers few opportunities to negotiate on sale price despite the shift towards a balanced market and higher inventory.
Huntersville Real Estate March 2024 Snapshot
HOME SALE PRICES UP MONTH-OVER-MONTH & YEAR-OVER-YEAR
Average sale price in March 2024 was $602,117, up 2.77% from $585,860 in the previous month of February. The average home sale price increased 5.33% from $671,672 in March one year ago. The March 2024 average sale price was at its highest level compared with March 2023 and 2022.
Median home sale price in March 2024 was $559,950, up 3.98% from $538,500 in the previous month of February. The median home sale price increased 3.69% from $540,00 in March 2023. The March 2024 median sale price was at its highest level compared with March 2023 and 2022.
Price per square foot in March 2024 was $233, increasing 5.43% from $221 in February 2024. The price per square foot was 15.35% higher than the $202 in March one year ago. The March 2024 average price per square foot was at its highest level since 2021.
DAYS ON MARKET DECLINE A THIRD CONSECUTIVE MONTH
Average days on market in March 2024 were 24 days, down nine days from 33 days one month ago. Year-over-year, average days on market declined 36.84% by 14 days compared with March 2023. Compared with March 2022, current days on market were 13 days higher.
HUNTERSVILLE HOUSING INVENTORY UP A THIRD CONSECUTIVE MONTH
The number of properties for sale in March 2024 was 351, up 12.5% from 312 in the previous month of February. Inventory was 10.73% higher than the 317 properties for sale in March one year ago. Inventory was higher than the 278 properties for sale in March 2022. The months supply of inventory was essentially flat month-over-month at 4.28 months.
NEW LISTINGS INCREASED A FOURTH CONSECUTIVE MONTH
The number of new listings in March 2024 was 142, up 54.35% from 92 new listings in the previous month of February. Compared with March 2023, new listings were 21.37% higher, when listings stood at 117. March 2024 listings were also higher compared with March 2022, which had 130 new listings.
HUNTERSVILLE SALES UP A SECOND CONSECUTIVE MONTH
Sales improved 13.89% in March 2024 to 82 from 72 in February 2024. Sales declined 26.79% from 112 in March 2023. Sales declined from 143 in March 2022. March 2024 sales were at their lowest level compared with March 2023 and 2022.
LIST TO SALE RATIO JUST UNDER 100%
The selling price of 99.76% of list price was essentially flat month-over-month and year-over-year, increasing 0.55% from February . Buyers are not seeing much room for negotiating on price in Huntersville, despite the fact that the months supply of inventory in Huntersville has pushed it into a balanced market.
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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 February 2024
Huntersville Real Estate Report January 2024
Huntersville Real Estate Report December 2023
