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Huntsville AL Real Estate Market Report for 2015

By: Huntsville Real Estate Expert Mike Manosky On January 27, 2016

huntsville real estate

The headline from Realtor.com for its Housing State Of the Union is “We’re Back, Baby!” 2015 was a great year of growth and improvement—one that sets the stage for a return to normalcy in the months and years ahead.

Here are highlights from the report which is based on data through November 2015:

  1. new-home sales were up 13% and existing-home sales were up 7%
  2. strong household formation (1.4 million households formed in the past four quarters ending in September)
  3. year of solid job creation (an average of 210,000 jobs per month through November)
  4. distressed sales declined
  5. home prices rose 5% to 7% nationally
  6. lower inventory levels and faster-moving inventory every month
  7. affordability remains strong with only marginally higher mortgage rates

See how these numbers compare to our local housing market in 2015.

Madison County and Huntsville AL 2015 Home Sales Year in Review

Schools Total
Sales
Average
List Price
Average
Sold Price
Average
Price Sq Ft
Average
Days On Market
Huntsville City Schools
Butler 173 $56,526 $53,163 $36 131
Columbia 876 $201,859 $199,177 $88 117
Grissom 740 $184,938 $179,562 $83 96
Huntsville 873 $304,900 $296,558 $106 114
Johnson 227 $57,807 $53,154 $32 123
Lee 250 $104,834 $99,454 $62 113
Madison City Schools
Bob Jones 531 $224,360 $218,428 $88 94
James Clemens 463 $290,414 $287,101 $99 94
Madison County Schools
Buckhorn 369 $177,231 $173,476 $85 95
Hazel Green 399 $161,936 $158,428 $76 126
New Hope 120 $132,157 $126,877 $72 116
Madison County 134 $174,408 $169,675 $83 90
Sparkman 733 $176,416 $172,118 $77 123
Total 5,888 $172,907 $168,244 $75 110

Would you like to see the last years home sales in your neighborhood? Just reply to the email you received with your address and I will email you a link to all the sold homes in your area.

For more information about Huntsville AL real estate, please visit MoveToHuntsville.com or call me at 256-508-0211.

To see all Huntsville/Madison County AL homes for sale, please use my complimentary MLS search.

Statistics are based on information for the North Alabama Association of Realtors and are deemed reliable but not guaranteed.

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