Homes For Sale in East Huntsville

Elizabeth Cooper-Golden Huntsville Al Real Estate

by Elizabeth Cooper-Golden

in Huntsville MLS Areas

Huntsville Real Estate Market – Snapshot

From the heart of the medical district taking Governors Drive (Hwy 431) east, up and over Monte Sano, takes you to a lovely set of neighborhoods nestled in a valley surrounded by the foot hills of the Appalachian Mountains. This area of the City is serviced by 2 Middle Schools (Huntsville, Hampton Cove) and Huntsville High School and is also known for its internal recreational facilities including an outstanding set of Robert Trent Jones Golf Trail courses as well as its close proximity to Lake Guntersville a half hour to the south.

If you are investigating homes for sale in East Huntsville this summer or early fall, it would be good to have a general feel for market conditions in your particular price range, prior to actually visiting neighborhoods and viewing specific Homes.

Feel free to browse some of the current listings with these custom home-searches targeting some of the neighborhoods you are likely to encounter at various price points:

Now that you have a feel for the homes currently available, you can review the following graphic to get an understanding of current real estate market conditions across the various price ranges.The chart takes a snapshot of the seasonal demand and current inventory of homes. It also captures the absorption rate inventory and average price per square foot across these categories.

Note the variety of market conditions and especially the market bias in your particular price range. For example, if you are a buyer in the upper end price range you can expect some seller flexibility. With a 9 or more month supply of inventory these sellers are likely experiencing some longer than normal time on market.

East Huntsville Alabama – July 2008 Market Snapshot
Price
Range
Demand
Per Month
Current
Inventory
Months
of Supply
Price/SqFt
Market
Bias
$100k – $200K 8 32 4.00 $104 Seller
$200k – $300K 13 100 7.69 $102 Buyer
$300k – $400K 7 50 7.14 $108 Buyer
$400k – $500K 10 40 4.00 $117 Seller
$500k – $700K 3 28 9.33 $144 Buyer
$700k &Up 1 28 28 $159 Buyer

If and when you find a few homes you really like and have put together a short list, be sure to have your REALTOR® perform a Comparative Market Analysis (CMA) on your properties of interest before finalizing any offer. By taking this more detailed look into specific neighborhood mini markets you may find that a neighborhood’s pricing model may vary either up or down from the average price across East Huntsville provided in the chart above.Happy House Hunting – Elizabeth

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Homes For Sale in Northeast Huntsville / Madison County

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The data relating to Huntsville AL Real Estate on this Web site derive in part from the Valley MLS IDX datashare program. © 2016 Valley MLS, Inc. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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Suite B (above CVS)
Huntsville, AL 35806

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Office: (256) 585-6000
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Elizabeth@atHomesRealty.com

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