Is Hillsdale County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hillsdale County is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Hillsdale County has remained a Seller's Market.

Key Takeaway

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

How much do homes in Hillsdale County, MI cost?

Median Sold Price

$177,300

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$23,562(+15.3%)

Key Takeaway

Homes in Hillsdale County have sold for 15.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $85K$71.4K
-15.9%
2 $125K$149.5K
+19.6%
3 $145K$175K
+20.7%
4 $210K$216.5K
+3.1%
5+ $237K$262.5K
+10.8%

Median Sold Price Compared To Nearby Counties

Branch County
+19.7%
Hillsdale County
+15.3%
Lenawee County
+15.1%
Williams County
+5.8%
Jackson County
+5.6%

How many homes are available in Hillsdale County, MI?

Number of Homes For Sale

Jul 2022Aug 2022%
258268+3.9%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 27
+250.0%
2 3842
+10.5%
3 155148
-4.5%
4 5058
+16.0%
5+ 1313
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
6765-3.0%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

24 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hillsdale County, you may be able to get a good deal. 41.5% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
17 Days21 Days+21.0%

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Hillsdale County, MI

Homes for sale in Hillsdale County, MI have reached 268. The inventory of homes for sale in Hillsdale County, MI between July 2022 and August 2022 increased by 3.9%. Listings spent 21 days on the market in August 2022, and had a median list price of $177,300 during the same period. This housing market listing prices have changed between July 2022 and August 2022: the cost of 1 bedroom properties went down by 15.9%, prices of 2 bedrooms properties increased by 19.6%, 3 bedrooms properties prices increased by 20.7%, 4 bedrooms properties prices increased by 3.1%, 5 bedrooms properties prices increased by 10.8%. Volume of homes for sale changed: 1 bedroom homes became 250% more available, 2 bedrooms homes inventory increased by 10.5%, volume of 3 bedrooms homes went down by 4.5%, volume of 4 bedrooms homes went up by 16%, 5 bedrooms homes did not move. Over 24 listings were sold over their listed price in August 2022 in Hillsdale County, MI. In the same period over 27 listings were sold below the listed price and 14 listings were sold for the listed price.

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