Is Hudson, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Hudson has remained a Seller's Market.
Key Takeaway
Hudson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hudson, OH
How much do homes in Hudson, OH cost?
Median Sold Price
$505,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hudson have sold for 4% more than they did a year ago.
Summary: The median home sold price in Hudson was $505,000 in May 2024, up 4% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $117K | $65K | -44.4% |
| 2 Bedrooms | $317.9K | $215K | -32.4% |
| 3 Bedrooms | $364K | $377.5K | +3.7% |
| 4 Bedrooms | $510K | $525K | +2.9% |
| 5+ Bedrooms | $650K | $733K | +12.8% |
Summary: Hudson housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 44.4%, 2 bedroom homes decreased by 32.4%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 12.8%.
Median Sold Price Compared To Nearby Cities
| Streetsboro | $228.9K | $255.3K | +11.5% |
| Aurora | $365K | $390.2K | +6.9% |
| Hudson | $485.3K | $505K | +4.0% |
| Twinsburg Township | $324.5K | $329K | +1.4% |
| Macedonia | $305.9K | $299.5K | -2.1% |
Housing Supply in Hudson, OH
How many homes are available in Hudson, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 84 | 93 | +10.7% |
Summary: The Hudson real estate market had 93 homes for sale in May 2024, a 10.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 50 | 61 | +22.0% |
| 5+ Bedrooms | 17 | 16 | -5.9% |
Summary: The Hudson housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 22%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 29 | +7.4% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hudson, you could pay more than the asking price. 48.3% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Hudson in May 2024, up by 7.4% month-over-month. Of the 29 sold homes, 41% were sold under asking, 10% were sold at asking, and 48% were sold over asking.
Days on Market for Hudson, OH
How long does it take to sell a home in Hudson, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 29 Days | +43.8% |
Summary: Homes in Hudson had an average of 29 days on market in May 2024, up by 43.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hudson are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 29 homes were sold in Hudson; 62% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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