Is New Hudson, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, New Hudson has remained a Seller's Market.
Housing Prices in New Hudson, MI
How much do homes in New Hudson, MI cost?
Median Sold Price
$485,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in New Hudson was $485,000 in June 2024, up 11.5% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $48K | $67.5K | +40.6% |
2 Bedrooms | $265K | $498K | +88.0% |
3 Bedrooms | $417.9K | $425K | +1.7% |
4 Bedrooms | $492.5K | $575K | +16.8% |
5+ Bedrooms | $550K | $647.5K | +17.7% |
Summary: New Hudson housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.6%, 2 bedroom homes increased by 88%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 17.7%.
Median Sold Price Compared To Nearby Cities
Milford Charter Township | $415K | $475K | +14.5% |
New Hudson | $435K | $485K | +11.5% |
Lyon Charter Township | $532.8K | $573.2K | +7.6% |
Housing Supply in New Hudson, MI
How many homes are available in New Hudson, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
22 | 22 | 0.0% |
Summary: The New Hudson real estate market had 22 homes for sale in June 2024, the same as May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 1 | -75.0% |
3 Bedrooms | 8 | 11 | +37.5% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The New Hudson housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 75%, 3 bedroom homes increased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
9 | 5 | -44.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in New Hudson in June 2024, down by 44.4% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for New Hudson, MI
How long does it take to sell a home in New Hudson, MI?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
47 Days | 28 Days | -40.4% |
Summary: Homes in New Hudson had an average of 28 days on market in Jun 2024, down by 40.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 5 homes were sold in New Hudson; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.