Huntington Beach real estate market trends show an increase in home values of about 3.7 percent over the last year. It’s expected to stay on an upward trajectory, further driving up property values in the foreseeable future. Read on to learn more about the latest Huntington Beach real estate market trends and what to expect in the area.
Huntington Beach real estate market trends currently show a market that’s fairly at parity with buyers and sellers. (Meaning, the real estate market does not favor sellers or buyers at this time and is balanced.)
The median home value in the City of Huntington Beach currently stands at about $836,000. This represents an increase and it is predicted the median home values in Huntington Beach will gain another 2 percent over the course of the coming year.
Right now, the list price per square foot in Huntington Beach is $506. (This is higher than the Los Angeles-Long Beach-Anaheim Metro average of $429.)
Meanwhile, the median list price of residential houses in Huntington Beach comes in at $875,000. However, the median sales price of homes in Huntington Beach currently stands at $790,000.
The median rent price in Huntington Beach is now $3,200, which is slightly more than the Los Angeles-Long Beach-Anaheim Metro rent price of $3,195.
Right now, homes for sale receive approximately two offer and sell in about 63 days. Although, more desirable properties sell in about half the time or 36 days. The foreclosure rate in Huntington Beach is only 0.4, well below the national number of 1.2.