Is Hudson Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hudson Township is a buyer's market

Buyer's
Market

Difference Since August 2023

At the same time last year, Hudson Township was a Seller's Market.

Key Takeaway

Hudson Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Hudson Township, MI

How much do homes in Hudson Township, MI cost?

Median Sold Price

$153,000

$110/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

-$8,750(-5.4%)

Key Takeaway

Homes in Hudson Township have sold for 5.4% less than they did a year ago.

Summary: The median home sold price in Hudson Township was $153,000 in August 2024, down 5.4% from last year, and the median price per square foot was $110.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 --
N/A
2 $116.5K$165.2K
+41.8%
3 $161.5K$150K
-7.1%
4 $157K$193K
+22.9%
5+ $209.9K$130K
-38.1%

Summary: Hudson Township housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 41.8%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes decreased by 38.1%.

Housing Supply in Hudson Township, MI

How many homes are available in Hudson Township, MI?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
2423-4.2%

Summary: The Hudson Township real estate market had 23 homes for sale in August 2024, a 4.2% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 33
0.0%
3 1211
-8.3%
4 88
0.0%
5+ 11
0.0%

Summary: The Hudson Township housing inventory by bedroom type for August 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 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hudson Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Hudson Township in August 2024, down by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Hudson Township, MI

How long does it take to sell a home in Hudson Township, MI?

Average Sale Time

Aug 2023Aug 2024CHANGE
33 Days35 Days+8.1%

Summary: Homes in Hudson Township had an average of 35 days on market in Aug 2024, up by 8.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Hudson Township has remained consistent over time.

Summary: During August 2024, 3 homes were sold in Hudson Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Hudson Township, MI

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