Is Hudson, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Hudson was a Seller's Market.
Key Takeaway
Hudson is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Hudson, WI
How much do homes in Hudson, WI cost?
Median Sold Price
$445,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Hudson has remained the same since last year.
Summary: The median home sold price in Hudson was $445,000 in May 2024, the same as last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190.4K | - | N/A |
| 2 Bedrooms | $275K | $325K | +18.2% |
| 3 Bedrooms | $410K | $390K | -4.9% |
| 4 Bedrooms | $489K | $512.6K | +4.8% |
| 5+ Bedrooms | $622K | $630K | +1.3% |
Summary: Hudson housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.2%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
| Troy | $580K | $633.5K | +9.2% |
| North Hudson | $415K | $442.5K | +6.6% |
| Hudson | $444.9K | $445K | 0.0% |
Housing Supply in Hudson, WI
How many homes are available in Hudson, WI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 256 | 310 | +21.1% |
Summary: The Hudson real estate market had 310 homes for sale in May 2024, a 21.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 46 | 50 | +8.7% |
| 3 Bedrooms | 78 | 115 | +47.4% |
| 4 Bedrooms | 82 | 99 | +20.7% |
| 5+ Bedrooms | 48 | 44 | -8.3% |
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 increased by 8.7%, 3 bedroom homes increased by 47.4%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 41 | 51 | +24.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hudson, you could pay more than the asking price. 45.1% of homes here sold above asking price last month.
Summary: A total of 51 homes were sold or pending in Hudson in May 2024, up by 24.4% month-over-month. Of the 51 sold homes, 25% were sold under asking, 29% were sold at asking, and 45% were sold over asking.
Days on Market for Hudson, WI
How long does it take to sell a home in Hudson, WI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 39 Days | 34 Days | -13.6% |
Summary: Homes in Hudson had an average of 34 days on market in May 2024, down by 13.6% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
11 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, 51 homes were sold in Hudson; 37% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
