Is Hillsdale County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hillsdale County has remained a Seller's Market.
Housing Prices in Hillsdale County, MI
How much do homes in Hillsdale County, MI cost?
Median Sold Price
$189,900
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hillsdale County was $189,900 in April 2024, up 8.5% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $139K | $101.2K | -27.2% |
2 Bedrooms | $132.2K | $160K | +21.0% |
3 Bedrooms | $175K | $189.9K | +8.5% |
4 Bedrooms | $214.9K | $209K | -2.8% |
5+ Bedrooms | $250K | $240K | -4.0% |
Summary: Hillsdale County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.2%, 2 bedroom homes increased by 21%, 3 bedroom homes increased by 8.5%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Counties
Jackson County | $180K | $199.9K | +11.1% |
Hillsdale County | $175K | $189.9K | +8.5% |
Calhoun County | $165K | $175K | +6.1% |
Williams County | $144.9K | $149.8K | +3.4% |
Lenawee County | $211.3K | $212.2K | 0.4% |
Housing Supply in Hillsdale County, MI
How many homes are available in Hillsdale County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
129 | 140 | +8.5% |
Summary: The Hillsdale County real estate market had 140 homes for sale in April 2024, a 8.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 19 | 17 | -10.5% |
3 Bedrooms | 59 | 64 | +8.5% |
4 Bedrooms | 35 | 42 | +20.0% |
5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The Hillsdale County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 36 | +5.9% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Hillsdale County in April 2024, up by 5.9% month-over-month. Of the 36 sold homes, 44% were sold under asking, 36% were sold at asking, and 19% were sold over asking.
Days on Market for Hillsdale County, MI
How long does it take to sell a home in Hillsdale County, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
123 Days | 67 Days | -45.3% |
Summary: Homes in Hillsdale County had an average of 67 days on market in Apr 2024, down by 45.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 36 homes were sold in Hillsdale County; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.