The median home in Hillsdale County listed for $261,150 in October, down 2.3% from the previous month’s $267,400, an analysis of data from Realtor.com shows.
Compared to October 2023, the median home list price increased 4.5% from $249,900.
The statistics in this article only pertain to houses listed for sale in Hillsdale County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at data.hillsdale.net.
Hillsdale County’s median home was 1,679 square feet, listed at $148 per square foot. The price per square foot of homes for sale is up 13.9% from October 2023.
Listings in Hillsdale County moved briskly, at a median 51 days listed compared to the October national median of 58 days on the market. In the previous month, homes had a median of 47 days on the market. Around 42 homes were newly listed on the market in October, a 16% decrease from 50 new listings in October 2023.
The median home prices issued by Realtor.com may exclude many, or even most, of a market’s homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales.
In Michigan, median home prices were $289,950, a slight decrease from September. The median Michigan home listed for sale had 1,603 square feet, with a price of $178 per square foot.
Throughout the United States, the median home price was $424,950, a slight decrease from the month prior. The median American home for sale was listed at 1,835 square feet, with a price of $226 per square foot.
The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what’s happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu.
This article originally appeared on Hillsdale Daily News: Hillsdale County home listings asked for less money in October – see the current median price here
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