Is Hillsdale County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Hillsdale County has remained a Seller's Market.
Housing Prices in Hillsdale County, MI
How much do homes in Hillsdale County, MI cost?
Median Sold Price
$186,125
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hillsdale County was $186,125 in March 2024, up 6.4% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120.2K | $115K | -4.4% |
2 Bedrooms | $132.2K | $169.4K | +28.1% |
3 Bedrooms | $175K | $185.5K | +6.0% |
4 Bedrooms | $214.9K | $205.2K | -4.5% |
5+ Bedrooms | $250K | $248.2K | -0.7% |
Summary: Hillsdale County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes increased by 28.1%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Counties
Jackson County | $179.8K | $200K | +11.2% |
Calhoun County | $163.8K | $176.5K | +7.7% |
Hillsdale County | $175K | $186.1K | +6.4% |
Williams County | $143K | $150K | +4.9% |
Lenawee County | $213.1K | $209.7K | -1.6% |
Housing Supply in Hillsdale County, MI
How many homes are available in Hillsdale County, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
128 | 125 | -2.3% |
Summary: The Hillsdale County real estate market had 125 homes for sale in March 2024, a 2.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 21 | 17 | -19.0% |
3 Bedrooms | 63 | 57 | -9.5% |
4 Bedrooms | 29 | 35 | +20.7% |
5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The Hillsdale County 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 19%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 26 | -18.8% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Hillsdale County in March 2024, down by 18.8% month-over-month. Of the 26 sold homes, 77% were sold under asking, 15% were sold at asking, and 8% were sold over asking.
Days on Market for Hillsdale County, MI
How long does it take to sell a home in Hillsdale County, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 67 Days | +33.2% |
Summary: Homes in Hillsdale County had an average of 67 days on market in Mar 2024, up by 33.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in Hillsdale County; 35% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.