Is New Hudson, 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, New Hudson has remained a Seller's Market.
Key Takeaway
New Hudson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Hudson, MI
How much do homes in New Hudson, MI cost?
Median Sold Price
$480,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in New Hudson have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in New Hudson was $480,000 in May 2024, up 12.4% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $48K | $67.5K | +40.6% |
| 2 Bedrooms | $265K | $456.2K | +72.2% |
| 3 Bedrooms | $415.4K | $430K | +3.5% |
| 4 Bedrooms | $470K | $575K | +22.3% |
| 5+ Bedrooms | $542.5K | $550K | +1.4% |
Summary: New Hudson housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.6%, 2 bedroom homes increased by 72.2%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 22.3%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Milford Charter Township | $410K | $490K | +19.5% |
| New Hudson | $427K | $480K | +12.4% |
| Lyon Charter Township | $531.7K | $550K | +3.4% |
Housing Supply in New Hudson, MI
How many homes are available in New Hudson, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 24 | +20.0% |
Summary: The New Hudson real estate market had 24 homes for sale in May 2024, a 20.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 5 | 9 | +80.0% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The New Hudson housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 80%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Hudson, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in New Hudson in May 2024, up by 50.0% month-over-month. Of the 6 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.
Days on Market for New Hudson, MI
How long does it take to sell a home in New Hudson, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 10 Days | -15.9% |
Summary: Homes in New Hudson had an average of 10 days on market in May 2024, down by 15.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Hudson are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in New Hudson; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.