With only 2.9 months of inventory, Huntsville remains a seller's market. The median home price in Huntsville currently stands at $335,000. With 2.9 months of supply, Huntsville's inventory levels remain relatively tight. Homes are taking about 40 days to sell, which is -10 days longer than this time last year. A significant 34.1% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 13.2% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Huntsville market with the affordability index at 10.8. Market projections suggest continued price appreciation in the coming months as demand outpaces supply.
Huntsville, AL has a total population of 218,213 residents. The area is predominantly White (54.7%), African American residents comprise 29.1% of the community. This creates a relatively diverse demographic makeup for the area. As a large population center, Huntsville, AL offers diverse community resources and amenities.
Crime analysis for Huntsville, AL shows 416 total incidents across all categories. The most prevalent crime type is Property Crime (48.1% of all incidents). This is followed by Assault at 41.8%. The crime rate in Huntsville, AL is relatively low, with violent crimes being more common than property crimes. While crime exists, Huntsville, AL maintains reasonable safety levels for most residents.
Market predictions for Huntsville, AL show an upward trend in home prices, with values increasing by 17.7%. This represents a significant price movement in the market. The current median home price in Huntsville, AL is approximately $290,587.62. Based on current trends, home prices in Huntsville, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
Huntsville, AL features 7 investment hotspots with varying levels of activity. The average nightly rate of $119 suggests an affordable market for travelers. The average rating of 3.8/5 indicates moderate guest satisfaction. With an average hotspot score of 0.76, these areas show good investment opportunities. The area features 45 hotels, offering limited but growing accommodation options.
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