Huntersville Real Estate June 2024 - Nina Hollander, Charlotte Real Estate Broker (2024)

Huntersville Real Estate June 2024 Highlights

Huntersville real estate June 2024 saw the average home sale price improve from one month ago and one year ago. The median home sale increased from one month ago, but declined from one year ago. The number of properties sold in June declined after five consecutive months of increases in 2024. Sales increased from June one year ago. Days on market declined by two days and remained low at 19 days. New listings remained unchanged from the previous month of May, but were 49% higher compared with June one year ago. New listings in June 2024 were at their second highest level since July 2022. Inventory increased a sixth consecutive month to its highest level in the past three years. The months supply of inventory of 3.56 months kept Huntersville in home seller “territory” in June 2024. A list to sale price ratio of 99.5% provided Huntersville home buyers minimal opportunity to negotiate on sale price.

Huntersville Real Estate June 2024 Snapshot

HOME SALE PRICES MIXED

Average sale pricein June 2024 was $622,604, up 4.67% from $594,853 in the previous month of May. The average home sale price increased 5.46% from $590,386 in June one year ago. The June 2024 average home sale price was at its highest level compared with June 2023 and 2022.

Median home sale pricein June 2024 was $527,500, up 6.98% from $493,102 in the previous month of May. The median home sale price decreased 5.88% from $560,450 in June 2023. The June 2024 median home sale price was at its lowest level compared with June 2023 and 2022.

Price per square foot in June 2024 was $228, declining 3.39% from $266 in May 2024. The price per square foot was 5.56% higher than the $216 in June one year ago.

DAYS ON MARKET REMAINED LOW

Average days on market in June 2024 were 19 days, down two days from 21 days one month ago. Year-over-year, average days on market increased 5.56%, by one day. Compared with June 2022, current days on market were 10 days higher in June 2024.

HUNTERSVILLE HOUSING INVENTORY UP A SIXTH CONSECUTIVE MONTH

The number of properties for sale in June 2024 was 427, up 8.1% from 395 in the previous month of May. Inventory was 39.09% higher than the 307 properties for sale in June one year ago. Inventory was higher than the 400 properties for sale in June 2022. This was the highest level of inventory in Huntersville in the past three years.`

Despite the increase in inventory in June 2024, the months supply of inventory of 3.56 months kept Huntersville in home seller “territory.” However, this was also the highest level of months supply of inventory compared with June 2023 and 2022.

NEW LISTINGS UNCHANGED FROM ONE MONTH AGO | UP FROM ONE YER AGO

The number of new listings in June 2024 was 152, unchanged from one month ago. Compared with June 2023, new listings were 49.02% higher, when listings stood at 102. June 2024 listings were lower compared June 2022, which had 211 new listings. New listings in June 2024 were at their second highest level since July 2022, when new listings stood at 154.

HUNTERSVILLE SALES DOWN AFTER FIVE CONSECUTIVE MONTH OF INCREASES

Sales in Huntersville declined 11.76% in June 2024 to 120 from 136 in May 2024. Sales increased 17.65% from 102 in June 2023. Sales were lower compared with June 2022, which saw 200 sales. June 2024 sales were at their second highest level since May 2023 when they stood at 122.

LIST TO SALE RATIO JUST UNDER 100%

The June 2024selling price of 99.5% of list price was unchanged compared with one month ago and with June one year ago. Buyers are not seeing much room for negotiating on price in Huntersville.

Want to know what this would mean for your family if you decide to buy or sell a Huntersville home?

I can help.

Call me today at 704-779-0813 or contact me here.

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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.

SEARCH FOR HOMES IN HUNTERSVILLE

WONDERING WHAT YOUR HUNTERSVILLE HOME IS WORTH?

FREE Home Seller Guide: “Things To Consider When Selling Your House”

If you’re considering selling or purchasing a home in Huntersville, I’d love an opportunity to earn your business, to exceed your expectations, and to show you why experience matters and how:

“The Right Broker Makes All The Difference.”

PREVIOUS HUNTERSVILLE REAL ESTATE REPORTS

Huntersville Real Estate Report May 2024

Huntersville Real Estate Report April 2024

Huntersville Real Estate Report March 2024

Huntersville Real Estate Report February 2024

Huntersville Real Estate Report January 2024

Huntersville Real Estate Report December 2023

Huntersville Real Estate Report November 2023

Huntersville Real Estate Report October 2023

Huntersville Real Estate June 2024 - Nina Hollander, Charlotte Real Estate Broker (2024)

FAQs

What is the hottest real estate market in NC? ›

The North Carolina real estate market is set to experience record highs in 2022, according to the Zillow.com rankings which have placed Raleigh and Charlotte among America's hottest housing markets.

Is the Charlotte real estate market cooling? ›

Charlotte home values are appreciating rapidly.

Prices continue to rise at a rate of 9.2% annually. As of February 2024, the Charlotte metro area saw an impressive 8.2% year-over-year growth. Within the city of Charlotte, Redfin reported a much slower year-over-year growth rate at just 1.8% as of March 2024.

Is Charlotte real estate expensive? ›

Charlotte, NC housing market

In June 2024, the median listing home price in Charlotte, NC was $450K, flat year-over-year. The median listing home price per square foot was $256. The median home sold price was $417.5K.

What is the hottest housing market for 2024? ›

The Spring 2024 Wall Street Journal/Realtor.com Housing Market Ranking
RankMetroPopulation
1Rockford, Ill.333,632
2Canton-Massillon, Ohio398,627
3Ann Arbor, Mich369,035
4Akron, Ohio697,935
16 more rows
Apr 25, 2024

Are real estate prices dropping in North Carolina? ›

The North Carolina housing market is somewhat competitive. The median home sales price in June 2024 has increased in the past 3 months to $389,800. That's up 3.2% and $12,100 higher than June 2023 of last year.

What is a good salary in Charlotte, NC? ›

The median salary in Charlotte, NC is $52,613, with 80% of salaries falling between $26,100 and $126,636.

What is the outlook for real estate in Charlotte NC 2024? ›

The average home value in the Charlotte-Concord-Gastonia area is $386,254. Additionally, the 1-year market forecast predicts a 1.7% increase, making it a promising market for investors (as of July 31, 2024).

Is it a good time to buy a house in Charlotte? ›

The months from March to June are the best time to buy a house in North Carolina. This is due to the higher inventory, increased competition among sellers, and potentially lower asking prices.

What is the wealthiest suburb of Charlotte NC? ›

A: If you're wondering, “What is the richest part of Charlotte, NC?,” head over to Eastover. With average rent prices close to $2,275 per month and an average home value of more than $1.9 million, Eastover is Charlotte's most expensive neighborhood, costing over 80 percent more than the rest of the city.

What is the 5 of the most overpriced housing markets in NC? ›

Of the most expensive metros, five in North Carolina ranked among the top overpriced areas: Charlotte, Durham, Winston-Salem, Greensboro and Raleigh.

What salary do you need in Charlotte to afford a home? ›

Homebuyers in Charlotte need to make $111,051 to afford a mortgage, which is nearly double what it was four years ago: Income needed to afford a mortgage in 2024: $111,051. Change in needed income since 2020: $55,239.

What's the hottest real estate market right now? ›

Oshkosh, Wisconsin has the nation's hottest housing market

The city received 3.7 times more views per property in July than the national average. Despite mortgages rising in 2022 and home prices remaining high across the country, the Midwest actually became a hotspot for buyers.

Is it a good time to buy property in NC? ›

Understanding the Current Market

As of mid-2024, the North Carolina housing market is experiencing a period of moderate growth. Mortgage rates remain relatively low, making it an attractive time to finance a home. However, fluctuations are possible, so staying updated on rate changes is crucial.

Where are houses appreciating the fastest? ›

Hottest Housing Markets in America
RankMetroMedian Sales Price Growth Feb 2024 YoY
1Pittsburgh, PA+22.0%
2Fort Lauderdale, FL+18.0%
3Greensboro, NC+17.8%
4Meridian, ID+17.3%
7 more rows
Mar 28, 2024

What is the hottest month for real estate? ›

Late spring and early summer are the busiest and most competitive time of year for the real estate market. There's usually more inventory listed for sale than other times of year, and home prices are steeper to reflect the increased demand.

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