35649
Huntsville, Alabama
Huntsville 35649 needs watching.
The 35649 ZIP code in Huntsville, Alabama has a median sale price of $635K, down -24.9% year-over-year. Homes spend an average of 67 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 27 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 35649.
The 35649 ZIP code is experiencing significant downward pressure, with the median sale price at $635,000 representing a sharp 24.9% year-over-year decline. Properties are averaging 67 days on market, and critically, zero homes are selling above list price—a clear indicator of weakened buyer demand. This premium-priced segment, substantially above Huntsville's metro median, is undergoing a pricing correction as elevated interest rates compress the luxury buyer pool.
Buyers hold decisive leverage in this market, particularly those with cash positions or substantial down payments who can capitalize on the 24.9% price reduction. Sellers face unfavorable conditions and should anticipate extended marketing periods beyond the current 67-day average if priced aggressively. Investors seeking value plays may find opportunities, but the PropIQ score of 27/100 suggests meaningful downside risk remains, requiring conservative underwriting assumptions and longer hold periods.
The 27/100 PropIQ intelligence score signals continued market weakness, with potential for further price erosion before stabilization. Monitor absorption rates and inventory growth—if days on market extends beyond 75-80 days in coming months, additional price compression exceeding 30% total correction becomes probable. This market requires 6-9 month tracking before bottom confirmation emerges, particularly watching whether any properties begin closing above list price as a demand recovery indicator.
What is the median home price in 35649 Huntsville?
The median sale price in 35649 is $635K, down -24.9% year-over-year as of 2023-10-31.
How long do homes stay on the market in Huntsville 35649?
Homes in 35649 Huntsville spend an average of 67 days on market before going under contract.
Is Huntsville 35649 a good place to invest in real estate?
Folio's PropIQ™ score for 35649 is 27/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 27 mean for 35649?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 27 = Caution in 35649 Huntsville, Alabama.