Is Hillsdale, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Hillsdale was a Seller's Market.
Key Takeaway
Hillsdale is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Hillsdale, MI
How much do homes in Hillsdale, MI cost?
Median Sold Price
$190,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hillsdale have sold for 26.7% more than they did a year ago.
Summary: The median home sold price in Hillsdale was $190,000 in March 2024, up 26.7% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $86K | $152.5K | +77.3% |
| 2 Bedrooms | $122K | $185K | +51.6% |
| 3 Bedrooms | $150K | $194.2K | +29.5% |
| 4 Bedrooms | $180K | $195K | +8.3% |
| 5+ Bedrooms | $257.5K | $175K | -32.0% |
Summary: Hillsdale housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 77.3%, 2 bedroom homes increased by 51.6%, 3 bedroom homes increased by 29.5%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 32%.
Median Sold Price Compared To Nearby Cities
| Hillsdale | $150K | $190K | +26.7% |
| Hillsdale Township | $165K | $190K | +15.2% |
| Fayette Township | $175K | $185K | +5.7% |
Housing Supply in Hillsdale, MI
How many homes are available in Hillsdale, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 48 | 0.0% |
Summary: The Hillsdale real estate market had 48 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 21 | 21 | 0.0% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Hillsdale 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 decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hillsdale, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Hillsdale in March 2024, down by 12.5% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Hillsdale, MI
How long does it take to sell a home in Hillsdale, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 1 Days | 96 Days | +5668.6% |
Summary: Homes in Hillsdale had an average of 96 days on market in Mar 2024, up by 5668.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hillsdale has remained consistent over time.
Summary: During March 2024, 7 homes were sold in Hillsdale; 14% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.