Is Hudsonville, 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, Hudsonville has remained a Seller's Market.
Housing Prices in Hudsonville, MI
How much do homes in Hudsonville, MI cost?
Median Sold Price
$399,900
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hudsonville was $399,900 in March 2024, up 9.6% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $369.9K | +64.4% |
2 Bedrooms | $240K | $290K | +20.8% |
3 Bedrooms | $336.7K | $376.6K | +11.9% |
4 Bedrooms | $387.5K | $415K | +7.1% |
5+ Bedrooms | $505K | $489.9K | -3.0% |
Summary: Hudsonville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.4%, 2 bedroom homes increased by 20.8%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 3%.
Median Sold Price Compared To Nearby Cities
Hudsonville | $364.9K | $399.9K | +9.6% |
Jenison | $315K | $345K | +9.5% |
Jamestown Charter Township | $415.2K | $450K | +8.4% |
Georgetown Charter Township | $341.6K | $361K | +5.7% |
Housing Supply in Hudsonville, MI
How many homes are available in Hudsonville, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
102 | 104 | +2.0% |
Summary: The Hudsonville real estate market had 104 homes for sale in March 2024, a 2.0% increase 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 | 16 | 16 | 0.0% |
3 Bedrooms | 29 | 31 | +6.9% |
4 Bedrooms | 51 | 50 | -2.0% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Hudsonville 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 increased by 6.9%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 33 | +22.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Hudsonville in March 2024, up by 22.2% month-over-month. Of the 33 sold homes, 21% were sold under asking, 30% were sold at asking, and 48% were sold over asking.
Days on Market for Hudsonville, MI
How long does it take to sell a home in Hudsonville, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
85 Days | 61 Days | -28.2% |
Summary: Homes in Hudsonville had an average of 61 days on market in Mar 2024, down by 28.2% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 33 homes were sold in Hudsonville; 73% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.