Is Hudson Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Hudson Township has remained a Seller's Market.
Housing Prices in Hudson Township, MI
How much do homes in Hudson Township, MI cost?
Median Sold Price
$149,950
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hudson Township was $149,950 in May 2024, down 9.1% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $279K | - | N/A |
2 Bedrooms | $180.5K | $110K | -39.1% |
3 Bedrooms | $165K | $149.9K | -9.2% |
4 Bedrooms | $185K | $181.2K | -2.0% |
5+ Bedrooms | $160K | $135K | -15.6% |
Summary: Hudson Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 39.1%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 15.6%.
Median Sold Price Compared To Nearby Cities
Corwith Township | $182K | $183.7K | +1.0% |
Elmira | $237K | $235K | -0.8% |
Hudson Township | $165K | $149.9K | -9.1% |
Housing Supply in Hudson Township, MI
How many homes are available in Hudson Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 35 | +16.7% |
Summary: The Hudson Township real estate market had 35 homes for sale in May 2024, a 16.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 15 | 18 | +20.0% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Hudson Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Hudson Township in May 2024, the same as the previous month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.
Days on Market for Hudson Township, MI
How long does it take to sell a home in Hudson Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 34 Days | -10.2% |
Summary: Homes in Hudson Township had an average of 34 days on market in May 2024, down by 10.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Hudson Township; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.