Is Hudsonville, 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, Hudsonville has remained a Seller's Market.
Key Takeaway
Hudsonville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hudsonville, MI
How much do homes in Hudsonville, MI cost?
Median Sold Price
$400,030
$262/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hudsonville have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Hudsonville was $400,030 in May 2024, up 6.7% from last year, and the median price per square foot was $262.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $259.9K | $369.9K | +42.3% |
| 2 Bedrooms | $270.2K | $290K | +7.3% |
| 3 Bedrooms | $354.4K | $369.9K | +4.4% |
| 4 Bedrooms | $392.5K | $425K | +8.3% |
| 5+ Bedrooms | $485K | $512K | +5.6% |
Summary: Hudsonville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.3%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Jenison | $315.9K | $348.4K | +10.3% |
| Jamestown Charter Township | $417K | $455.5K | +9.2% |
| Hudsonville | $375K | $400K | +6.7% |
| Georgetown Charter Township | $341.9K | $365K | +6.7% |
Housing Supply in Hudsonville, MI
How many homes are available in Hudsonville, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 126 | 145 | +15.1% |
Summary: The Hudsonville real estate market had 145 homes for sale in May 2024, a 15.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 18 | 21 | +16.7% |
| 3 Bedrooms | 36 | 38 | +5.6% |
| 4 Bedrooms | 58 | 60 | +3.4% |
| 5+ Bedrooms | 12 | 24 | +100.0% |
Summary: The Hudsonville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 47 | +17.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hudsonville, you could pay more than the asking price. 46.8% of homes here sold above asking price last month.
Summary: A total of 47 homes were sold or pending in Hudsonville in May 2024, up by 17.5% month-over-month. Of the 47 sold homes, 38% were sold under asking, 15% were sold at asking, and 47% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 28 Days | -16.0% |
Summary: Homes in Hudsonville had an average of 28 days on market in May 2024, down by 16% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hudsonville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 47 homes were sold in Hudsonville; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.