Is New Hudson, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Hudson is a buyer's market

Buyer's
Market

Difference Since January 2023

Since last year, New Hudson has remained a Buyer's Market.

Key Takeaway

New Hudson is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in New Hudson, MI

How much do homes in New Hudson, MI cost?

Median Sold Price

$465,000

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$36,500(+8.5%)

Key Takeaway

Homes in New Hudson have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in New Hudson was $465,000 in January 2024, up 8.5% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $48K$54K
+12.5%
2 $235K$500.6K
+113.1%
3 $420K$417.5K
-0.6%
4 $462.5K$535K
+15.7%
5+ $550K$542.5K
-1.4%

Summary: New Hudson housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 113.1%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes decreased by 1.4%.

Median Sold Price Compared To Nearby Cities

Milford Charter Township
+15.4%
New Hudson
+8.5%
Lyon Charter Township
+5.6%

Housing Supply in New Hudson, MI

How many homes are available in New Hudson, MI?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
1613-18.8%

Summary: The New Hudson real estate market had 13 homes for sale in January 2024, a 18.8% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 11
0.0%
2 46
+50.0%
3 84
-50.0%
4 32
-33.3%
5+ 00
0.0%

Summary: The New Hudson housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
81-87.5%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Hudson, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in New Hudson in January 2024, down by 87.5% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for New Hudson, MI

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

Breakdown of Home Sale Times

1 Home Was 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 New Hudson are selling fast, if you're buying plan to act quickly.

Summary: During January 2024, 1 homes were sold in New 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 23 Days Ago

Newest Listings in New Hudson, MI

Nearby Markets to New Hudson, MI

What housing markets are near New Hudson, MI?