Huntsville, Alabama Real Estate - Market Snapshot
$300k - $400k Price Range
One thing to always remember about Huntsville Real Estate or any Real Estate Market for that mater, is that location and price range can make all the difference in market conditions. Within the major MLS search locations in the Huntsville metro area there are several mini-markets where conditions and pricing are different and dynamic.
In this post we take a brief look at the $300k - $400k market segment across the different Huntsville Real Estate metro areas. The compiled statistics will show each area's current supply, demand, absorption rate, average price/sqrFt, and the associated market type (Buyer or Seller) all illustrated in the following table:
| Huntsville/Madison Metro Area $300k - $400k Market Segment Snapshot |
|||||
|---|---|---|---|---|---|
| Market Segment | Demand Per Month |
Current Supply |
Months of Supply |
Average Price/SqrFt |
Market Type |
| Northwest Huntsville Homes |
2 | 22 | 11 | 104 | Buyer |
| Northeast Huntsville Homes |
0.25 | 5 | 20 | 123 | Buyer |
| East Huntsville Homes |
4 | 53 | 13.25 | 114 | Buyer |
| Southeast Huntsville Homes |
3 | 49 | 16.33 | 103 | Buyer |
| Southwest Huntsville Homes |
8 | 54 | 6.75 | 112 | Balanced |
| Madison Homes City Limits |
13 | 68 | 5.23 | 112 | Seller |
| Madison Homes Outside City |
5 | 95 | 19 | 104 | Buyer |
When looking at the statistics above it is important to keep in mind that they are filtered to an explicit price range and thus become more valuable to buyers or sellers within this price range segment and less relevant if your target price range is different.
One of the more interesting observations regarding these particular statistics, is that sales in the Madison City Limits and Southwest Huntsville areas bounced back to more seasonal levels last month and outpaced new inventory coming on the market. In Madison City Limits for example current inventory levels in this price range are below normal seasonal levels. While in the other areas of the City, either sales are below or inventory is above normal seasonal levels.
If you have any questions regarding this market snapshot or if you would like more information regarding your specific price range please do not hesitate to drop me an email or give me a call at 256-425-1659.
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