Home prices in Hillsdale County fell 2.1% in December, with homes listed for a median of $225,000
The median home in Hillsdale County was listed at $225,000 in December, down 2.1% from the previous month’s $229,900, according to an analysis of data from Realtor.com appears.
Compared to December 2022, the median home list price increased 4.9% from $214,500.
The statistics in this article relate only to homes for sale in Hillsdale County, not homes that have been sold. Information about your local housing market, as well as other useful community data, is available on the site data.hillsdale.net.
The average home size in Hillsdale County was 1,646 square feet, at $135 per square foot. The price per square foot of homes for sale increased by 12.3% compared to December 2022.
Hillsdale County real estate listings moved slowly, with an average of 77 days listed compared to the national December average of 61 days on market. The previous month, the average time homes were on the market was 58 days. About 16 new homes were listed on the market in December, the same number of new listings since December 2022.
Average home prices released by Realtor.com may exclude many, or even most, homes from the market. Price and size represent only single family homes, condominiums or townhomes. It includes existing homes, but excludes most new construction as well as pending and contingent sales.
In Michigan, median home prices were $259,900, down slightly from November. The average home for sale in Michigan is 1,547 square feet, at $167 per square foot.
Across the United States, the median home price was $410,000, a slight decline from the previous month. The average American home for sale is listed as 1,838 square feet, at $220 per square foot.
The average home list prices used in this report represent the midpoint of all homes or units listed during a given time period. Experts say the average offers a more accurate view of what’s happening in the market than the average list price, which means taking the sum of all listing prices and then dividing it by the number of homes sold. The average can be skewed by a particularly low or high price.
The USA TODAY Network is publishing local versions of this story on its news websites across the country, which were created using data from Realtor.com. Please leave any comments or corrections to this story here. This story was written by Ozge Terzioglu.
This article originally appeared on the Hillsdale Daily News: Home prices in Hillsdale County fell 2.1% in December, with homes listed for a median of $225,000