$50,000
11.00 Acres
Land
Kirk Smit Putnam, 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 September 2023
At the same time last year, Hillsdale was a Seller's Market.
Key Takeaway
Hillsdale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hillsdale, MI
How much do homes in Hillsdale, MI cost?
Median Sold Price
$188,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$23,000(+13.9%)
Key Takeaway
Homes in Hillsdale have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Hillsdale was $188,000 in September 2024, up 13.9% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 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 | $204.5K | $197.4K | -3.4% |
| 5+ Bedrooms | $182K | $282.2K | +55.1% |
Summary: Hillsdale housing prices by bedroom type for September 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 decreased by 3.4%, and 5+ bedroom homes increased by 55.1%.
Median Sold Price Compared To Nearby Cities
| Hillsdale | $165K | $188K | +13.9% |
| Hillsdale Township | $165K | $188K | +13.9% |
| Fayette Township | $175K | $165K | -5.7% |
Housing Supply in Hillsdale, MI
How many homes are available in Hillsdale, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 54 | 61 | +13.0% |
Summary: The Hillsdale real estate market had 61 homes for sale in September 2024, a 13.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 9 | -18.2% |
| 3 Bedrooms | 31 | 35 | +12.9% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 2 | 7 | +250.0% |
Summary: The Hillsdale housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 12.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 250%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hillsdale, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Hillsdale in September 2024, down by 33.3% month-over-month. Of the 8 sold homes, 13% were sold under asking, 63% were sold at asking, and 25% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 59 Days | 58 Days | -2.7% |
Summary: Homes in Hillsdale had an average of 58 days on market in Sep 2024, down by 2.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
6 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 September 2024, 8 homes were sold in Hillsdale; 13% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.