$20,000
0.38 Acres
Land
Barbara Groves, Listing Office: Coldwell Banker Groves Real Estate
Is Hillsdale County, 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 County has remained a Seller's Market.
Key Takeaway
Hillsdale County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hillsdale County, MI
How much do homes in Hillsdale County, MI cost?
Median Sold Price
$192,100
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$17,100(+9.8%)
Key Takeaway
Homes in Hillsdale County have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in Hillsdale County was $192,100 in November 2024, up 9.8% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $112.4K | -2.2% |
| 2 Bedrooms | $155K | $140K | -9.7% |
| 3 Bedrooms | $175K | $195K | +11.4% |
| 4 Bedrooms | $200K | $221.5K | +10.8% |
| 5+ Bedrooms | $187K | $265K | +41.7% |
Summary: Hillsdale County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes decreased by 9.7%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 41.7%.
Median Sold Price Compared To Nearby Counties
| Hillsdale County | $175K | $192.1K | +9.8% |
| Jackson County | $192.3K | $210.2K | +9.3% |
| Calhoun County | $169.9K | $180.1K | +6.0% |
| Williams County | $148.1K | $155.3K | +4.8% |
| Lenawee County | $210.7K | $211.6K | 0.4% |
Housing Supply in Hillsdale County, MI
How many homes are available in Hillsdale County, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 195 | 179 | -8.2% |
Summary: The Hillsdale County real estate market had 179 homes for sale in November 2024, a 8.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 28 | 28 | 0.0% |
| 3 Bedrooms | 114 | 94 | -17.5% |
| 4 Bedrooms | 35 | 37 | +5.7% |
| 5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The Hillsdale County 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 remained the same, 3 bedroom homes decreased by 17.5%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 45 | 33 | -26.7% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hillsdale County, you may be able to get a good deal. 60.6% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Hillsdale County in November 2024, down by 26.7% month-over-month. Of the 33 sold homes, 61% were sold under asking, 15% were sold at asking, and 24% were sold over asking.
Days on Market for Hillsdale County, MI
How long does it take to sell a home in Hillsdale County, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 63 Days | +37.6% |
Summary: Homes in Hillsdale County had an average of 63 days on market in Nov 2024, up by 37.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hillsdale County has remained consistent over time.
Summary: During November 2024, 33 homes were sold in Hillsdale County; 27% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.