Is Hillsdale Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hillsdale Township has remained a Seller's Market.
Housing Prices in Hillsdale Township, MI
How much do homes in Hillsdale Township, MI cost?
Median Sold Price
$190,000
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hillsdale Township was $190,000 in April 2024, up 15.2% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $237.2K | $152.5K | -35.7% |
2 Bedrooms | $120.9K | $185K | +53.0% |
3 Bedrooms | $160.2K | $202.5K | +26.4% |
4 Bedrooms | $248K | $199.7K | -19.5% |
5+ Bedrooms | $305K | $166K | -45.6% |
Summary: Hillsdale Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.7%, 2 bedroom homes increased by 53%, 3 bedroom homes increased by 26.4%, 4 bedroom homes decreased by 19.5%, and 5+ bedroom homes decreased by 45.6%.
Median Sold Price Compared To Nearby Cities
Hillsdale | $150K | $190K | +26.7% |
Hillsdale Township | $164.9K | $190K | +15.2% |
Fayette Township | $170K | $185K | +8.8% |
Osseo | $221K | $196.4K | -11.1% |
Housing Supply in Hillsdale Township, MI
How many homes are available in Hillsdale Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
51 | 55 | +7.8% |
Summary: The Hillsdale Township real estate market had 55 homes for sale in April 2024, a 7.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 6 | -33.3% |
3 Bedrooms | 22 | 29 | +31.8% |
4 Bedrooms | 12 | 14 | +16.7% |
5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Hillsdale Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 31.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 17 | +54.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Hillsdale Township in April 2024, up by 54.5% month-over-month. Of the 17 sold homes, 35% were sold under asking, 41% were sold at asking, and 24% were sold over asking.
Days on Market for Hillsdale Township, MI
How long does it take to sell a home in Hillsdale Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
83 Days | 59 Days | -28.3% |
Summary: Homes in Hillsdale Township had an average of 59 days on market in Apr 2024, down by 28.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Hillsdale Township; 24% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.