Is Hudson, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hudson is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Hudson has remained a Seller's Market.

Key Takeaway

Hudson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Hudson, IL

How much do homes in Hudson, IL cost?

Median Sold Price

$353,000

$116/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

-$150,500(-29.9%)

Key Takeaway

Homes in Hudson have sold for 29.9% less than they did a month ago.

Summary: The median home sold price in Hudson was $353,000 in March 2024, down 29.9% from last month, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $503.5K$353K
-29.9%
4 --
N/A
5+ --
N/A

Summary: Hudson housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 29.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Hudson, IL

How many homes are available in Hudson, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
86-25.0%

Summary: The Hudson real estate market had 6 homes for sale in March 2024, a 25.0% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 75
-28.6%
4 11
0.0%
5+ 00
0.0%

Summary: The Hudson housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hudson, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Hudson in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Hudson, IL

How long does it take to sell a home in Hudson, IL?

Average Sale Time

Feb 2024Mar 2024CHANGE
43 Days6 Days-85.4%

Summary: Homes in Hudson had an average of 6 days on market in Mar 2024, down by 85.4% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hudson are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 3 homes were sold in 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Hudson, IL

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