Huntersville Real Estate February 2024
Huntersville Real Estate February 2024 Highlights
Huntersville real estate February 2024 saw average home sale prices improve from one month ago and remain unchanged compared with one year ago. The number of properties sold in February improved 22.03% after fourth consecutive months of declines. Days on market declined 17.5% to just 33 days from 40 days one month ago and 52 days (-36.54%) one year ago. New listings increased a second consecutive month and were 26.03% higher than in February one year ago. Inventory increased in February from one month and one year ago. The months supply of inventory declined to 4.33 months. Huntersville has just barely shifted into a balanced market between home buyers and sellers. List to sale price ratio of 99.21% remained unchanged from January and one year ago, providing home buyers few opportunities to negotiate on sale price despite the shift towards a balanced market.
Huntersville Real Estate February 2024 Snapshot
HOME SALE PRICES UP FROM JANUARY
Average sale price in February 2024 was $585,860, up 5.21% from $556,859 in the previous month of January. Year-over-year, the average home sale price was unchanged.
Median home sale price in February 2024 was $538,500, up 13.37% from $475,000 in the previous month of January. The median home sale price was unchanged compared with February one year ago.
Price per square foot in February 2024 was $221, down 1.78% from $225 in January 2024. The price per square foot was 7.8% higher than the $205 in February one year ago.
DAYS ON MARKET DOWN MONTH-OVER-MONTH & YEAR-OVER-YEAR
Average days on market in February 2024 were 33 days, down seven days from 40 days one month ago. Year-over-year, average days on market declined 36.54% by 19 days compared with February 2023. Compared with February 2022, current days on market were four days higher.
HUNTERSVILLE HOUSING INVENTORY UP MONTH-OVER-MONTH & YEAR-OVER-YEAR
The number of properties for sale in February 2024 was 312, up 1.63% from 307 in the previous month of January. Inventory was 3.31% higher than the 302 properties for sale in February one year ago. Inventory was higher than the 279 properties for sale in February 2022. The months supply of inventory declined 1.22 months from January to 4.33 months.
NEW LISTINGS INCREASED MONTH-OVER-MONTH & YEAR-OVER-YEAR
The number of new listings in February 2024 was 92, up 13.58% from 81 new listings in the previous month of January. Compared with February 2023, new listings were 26.03% higher, when listings stood at 73. February 2024 listings were lower compared with February 2022, which had 109 new listings.
HUNTERSVILLE SALES UP AFTER 4 CONSECUTIVE MONTHS OF DECLINES
Sales improved 22.03% in February 2024 to 72 from 59 in January 2024. Sales declined 5.26% from 76 in February 2023. Sales declined from 102 in February 2022. February’s sales were at their lowest level compared with February 2023 and 2022.
LIST TO SALE RATIO OF 99+% WAS FLAT YEAR-OVER-YEAR & MONTH-OVER-MONTH
The selling price of 99.21% of list price was essentially flat month-over-month and year-over-year. 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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