$3,561 Closing Credit*
$299,900
1,512 SqFt
5 Beds
•3 Full Baths
Desiree Thomas, 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 October 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
$188,900
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,400(+17.7%)
Key Takeaway
Homes in Hillsdale have sold for 17.7% more than they did a year ago.
Summary: The median home sold price in Hillsdale was $188,900 in October 2024, up 17.7% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $101.2K | $176.4K | +74.3% |
| 2 Bedrooms | $125K | $125K | 0.0% |
| 3 Bedrooms | $160.5K | $190K | +18.4% |
| 4 Bedrooms | $190K | $197.4K | +3.9% |
| 5+ Bedrooms | $176K | $282.2K | +60.4% |
Summary: Hillsdale housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 74.3%, 2 bedroom homes did not change, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 60.4%.
Median Sold Price Compared To Nearby Cities
| Hillsdale | $160.5K | $188.9K | +17.7% |
| Hillsdale Township | $160.5K | $188.9K | +17.7% |
| Fayette Township | $179K | $157K | -12.3% |
Housing Supply in Hillsdale, MI
How many homes are available in Hillsdale, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 61 | +3.4% |
Summary: The Hillsdale real estate market had 61 homes for sale in October 2024, a 3.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 34 | 36 | +5.9% |
| 4 Bedrooms | 9 | 8 | -11.1% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Hillsdale housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hillsdale, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Hillsdale in October 2024, up by 50.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 91 Days | +245.3% |
Summary: Homes in Hillsdale had an average of 91 days on market in Oct 2024, up by 245.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hillsdale has remained consistent over time.
Summary: During October 2024, 12 homes were sold in Hillsdale; 8% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
