What have home prices been doing in Huntley this year?
Median home prices in Huntley IL have leveled off over the last few months. We’re currently seeing a median list price of $259,900. The chart below is a good comparison of median list prices vs. median sales prices in Huntley IL over the last year. As you can see home buyers and sellers are fairly well aligned.
Are home prices in Huntley IL going up or down?
Home prices in Huntley dipped 6.6% in February compared to January. The median sales price right now is $238,000. The great news is that comparing this year-over-year we see a 13.3% increase! Huntley homes are definitely appreciating and this trend is only expected to continue.
Is Huntley in a buyers or sellers market right now?
If you’ve been on the fence about selling your home, now is a great time! Inventory of homes for sale in Huntley is low at 2.9 months. Anything between 3-6 months could be considered a stable market. Inventory below 3 months puts us in a sellers market where prices can rise and market times fall. Over 6 months and a buyers market takes over resulting in lower prices and longer market times.
What types of homes are for sale in Huntley right now?
A lot of Huntley homeowners may be concerned about foreclosures and short sales dragging down the market. Actually, we’ve seen the numbers of bank-owned and distressed properties fall in Huntley. In February, almost 91% of homes for sale were traditional sales. There were 7 foreclosures on the market, this has been dropping the last couple of months. Short sales are on the decline as well hitting their lowest point in recent history. Home prices in Huntley IL are not being affected by these factors.
How long is it taking to sell a home in Huntley right now?
The median market time for a home in Huntley is at 35 days. This is down dramatically compared to a year ago. It has been creeping up a bit, though, since summer.
Want a rough idea of your home’s current value?
Fill out the form below to view an online analysis of your Huntley IL home price. While not as accurate as meeting with us in person, it can help you determine if selling your Huntley home makes sense right now.
Looking for something more accurate?
The Kombrink Lobrillo Team at RE/MAX All Pro takes a very analytical approach to pricing your home. Using a process similar to that of an actual home appraiser, our in-depth analysis produces a pricing strategy to get your home sold for top dollar in the least amount of time. Combine that with our top notch marketing strategy and we’ll help you realize your real estate goals before you know it.
Contact our Huntley Listing Specialist, Matt Kombrink, today to arrange for a complimentary home pricing analysis of your home. Matt can be reached at 630-488-3300.