$94,999
10.00 Acres
Land
Blake Jenkins, Listing Office: CENTURY 21 Affiliated
Is Hillsdale, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Hillsdale has remained a Seller's Market.
Key Takeaway
Hillsdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hillsdale, MI
How much do homes in Hillsdale, MI cost?
Median Sold Price
$186,750
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,750(+6.7%)
Key Takeaway
Homes in Hillsdale have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Hillsdale was $186,750 in November 2024, up 6.7% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $119.9K | -36.9% |
| 2 Bedrooms | $146.5K | $125K | -14.7% |
| 3 Bedrooms | $183.3K | $188.9K | +3.1% |
| 4 Bedrooms | $175K | $212K | +21.1% |
| 5+ Bedrooms | $181K | $209K | +15.5% |
Summary: Hillsdale housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.9%, 2 bedroom homes decreased by 14.7%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 15.5%.
Median Sold Price Compared To Nearby Cities
| Hillsdale | $175K | $186.7K | +6.7% |
| Hillsdale Township | $175K | $186.7K | +6.7% |
| Fayette Township | $179K | $165K | -7.8% |
Housing Supply in Hillsdale, MI
How many homes are available in Hillsdale, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 61 | 53 | -13.1% |
Summary: The Hillsdale real estate market had 53 homes for sale in November 2024, a 13.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 35 | 28 | -20.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Hillsdale housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hillsdale, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Hillsdale in November 2024, down by 15.4% month-over-month. Of the 11 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% were sold over asking.
Days on Market for Hillsdale, MI
How long does it take to sell a home in Hillsdale, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 60 Days | +16.1% |
Summary: Homes in Hillsdale had an average of 60 days on market in Nov 2024, up by 16.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hillsdale has remained consistent over time.
Summary: During November 2024, 11 homes were sold in Hillsdale; 9% of homes were sold within 30 days, 82% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
