Is Hudsonville, 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, Hudsonville has remained a Seller's Market.
Housing Prices in Hudsonville, MI
How much do homes in Hudsonville, MI cost?
Median Sold Price
$400,000
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hudsonville was $400,000 in April 2024, up 8.1% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $345.9K | $369.9K | +6.9% |
2 Bedrooms | $263.2K | $290K | +10.2% |
3 Bedrooms | $346K | $369.9K | +6.9% |
4 Bedrooms | $397.7K | $419.6K | +5.5% |
5+ Bedrooms | $499.9K | $500K | 0.0% |
Summary: Hudsonville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Jenison | $315K | $348.5K | +10.7% |
Jamestown Charter Township | $415.4K | $452.5K | +8.9% |
Hudsonville | $369.9K | $400K | +8.1% |
Georgetown Charter Township | $339.9K | $361.4K | +6.3% |
Housing Supply in Hudsonville, MI
How many homes are available in Hudsonville, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
112 | 118 | +5.4% |
Summary: The Hudsonville real estate market had 118 homes for sale in April 2024, a 5.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 17 | 17 | 0.0% |
3 Bedrooms | 34 | 34 | 0.0% |
4 Bedrooms | 54 | 54 | 0.0% |
5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Hudsonville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 38 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Hudsonville in April 2024, the same as the previous month. Of the 38 sold homes, 26% were sold under asking, 24% were sold at asking, and 50% were sold over asking.
Days on Market for Hudsonville, MI
How long does it take to sell a home in Hudsonville, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 63 Days | +75.7% |
Summary: Homes in Hudsonville had an average of 63 days on market in Apr 2024, up by 75.7% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 38 homes were sold in Hudsonville; 74% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.