Is Hudsonville, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hudsonville is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Hudsonville has remained a Seller's Market.

Key Takeaway

Hudsonville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Hudsonville, MI

How much do homes in Hudsonville, MI cost?

Median Sold Price

$413,562

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$22,957(+5.9%)

Key Takeaway

Homes in Hudsonville have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in Hudsonville was $413,562 in November 2024, up 5.9% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $369.9K$345K
-6.7%
2 $287.5K$297.5K
+3.5%
3 $365.5K$376K
+2.9%
4 $401.6K$454.5K
+13.2%
5+ $512K$545K
+6.4%

Summary: Hudsonville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes increased by 6.4%.

Median Sold Price Compared To Nearby Cities

Hudsonville
+5.9%
Georgetown Charter Township
+5.7%
Jamestown Charter Township
+4.8%
Jenison
+4.4%

Housing Supply in Hudsonville, MI

How many homes are available in Hudsonville, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
140117-16.4%

Summary: The Hudsonville real estate market had 117 homes for sale in November 2024, a 16.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 20
-100.0%
2 159
-40.0%
3 4438
-13.6%
4 5350
-5.7%
5+ 2620
-23.1%

Summary: The Hudsonville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 23.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3927-30.8%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer48%30%22%

Key Takeaway

If you're buying a home in Hudsonville, you could pay more than the asking price. 48.1% of homes here sold above asking price last month.

Summary: A total of 27 homes were sold or pending in Hudsonville in November 2024, down by 30.8% month-over-month. Of the 27 sold homes, 22% were sold under asking, 30% were sold at asking, and 48% were sold over asking.

Days on Market for Hudsonville, MI

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

Average Sale Time

Nov 2023Nov 2024CHANGE
28 Days34 Days+20.1%

Summary: Homes in Hudsonville had an average of 34 days on market in Nov 2024, up by 20.1% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times67%19%15%

Key Takeaway

Many homes in Hudsonville are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 27 homes were sold in Hudsonville; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 15% 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 18 Days Ago

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