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 seller's market

Buyer's
Market

Difference Since May 2021

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

Key Takeaway

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

How much do homes in New Hudson, MI cost?

Median Sold Price

$360,000

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$15,000(+4.3%)

Key Takeaway

Homes in New Hudson have sold for 4.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $60K$46.9K
-21.8%
2 $197K$218K
+10.7%
3 $336K$355K
+5.7%
4 $379K$440K
+16.1%
5+ $349.9K$512.5K
+46.5%

Median Sold Price Compared To Nearby Cities

Milford Charter Township
+17.0%
Lyon Charter Township
+8.0%
New Hudson
+4.3%

How many homes are available in New Hudson, MI?

Number of Homes For Sale

Apr 2022May 2022%
2526+4.0%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 43
-25.0%
3 1516
+6.7%
4 65
-16.7%
5+ 02
+100.0%

Number of Homes Sold

Apr 2022May 2022%
610+66.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Hudson, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
12 Days19 Days+61.2%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

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

About New Hudson, MI

There are 26 homes are for sale in New Hudson, MI real estate market. The number of listings in New Hudson, MI increased by 4% between April 2022 and May 2022. The median list price of listings available in May 2022 was $360,000, while the average time on the real estate market was 19 days. Real estate listing prices changed between April 2022 and May 2022: prices of 1 bedroom properties went down by 21.8%, 2 bedrooms properties prices increased by 10.7%, 3 bedrooms properties became 5.7% more expensive, 4 bedrooms properties prices increased by 16.1%, prices of 5 bedrooms properties went up by 46.5%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes became 25% less available, number of 3 bedrooms homes increased by 6.7%, 4 bedrooms homes became 16.7% less available, number of 5 bedrooms homes increased by 100%. Over 6 listings were sold over their listed price in May 2022 in New Hudson, MI. In the same period over 2 listings were sold below the listed price and 2 listings were sold for the listed price.

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