Located in Madison County, Huntsville, Alabama can be everything you desire in real estate including a more natural landscaped community or a big city feel. When choosing real estate in Huntsville, home buyers need to focus on their particular needs. And, in this city with a population of over 683,800 people, there are plenty of options to consider. Before making a buying decision, take a closer look at the real estate market here.
What’s Happening in the Huntsville Market?
It’s quite the buyer’s market in Huntsville. Home values have improved from their lowest point in 2008 and 2009, but you will also find the area offers some of the best deals on property. If you want a home that is within minutes of the downtown area and jobs, but you want a large yard and a spacious layout, you will find that here.
The average listing price for a home at the end of December of 2015 was $196,088. The median sales price for homes here stood at $123,000 for the final quarter of the year. This is about a 9.2 percent decline from the 2014 figures for this time. There are a significant number of homes on the market for sale – inventory is good. All of these factors signal an opportunity for those who wish to buy real estate to find a good deal.
Home Styles in Huntsville, Alabama
Huntsville is home to numerous neighborhoods and all types of houses. The area’s most valuable neighborhoods include providence, Lake Forest, and Anslee Farms, based on the number of sales occurring in those areas. However, River Ridge and Legacy Cove are also very good opportunities for home buyers as well. Single family homes, condos, and townhomes are some of the most popular home styles here, too.
When buying real estate in Huntsville, Alabama, there is plenty to think about in terms of buying now. Work with your agent to take advantage of the buyer’s market here.