Hillsdale, MI metro area Housing Market
Cold MarketComprehensive housing market data for the Hillsdale, MI metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$240K
↑ 28.3% YoY
Days on Market
90 days
↑ 26.8% YoY
Active Inventory
117
↑ 0.9% YoY
Homes Sold
24
↓ 4.0% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Hillsdale, MI metro area Market Summary
The Hillsdale, MI metro area housing market is cooling down. As of January 2026, the median home sale price is $240K, up 28.3% year-over-year. Homes are spending a median of 90 days on the market, 26.8% longer than a year ago.
There are 117 homes for sale — 0.9% more than last year. With 4.9 months of supply, this is a balanced market. 24 new listings were added during this period, down 14.3% year-over-year.
Homes are selling for 96.4% of their list price on average, suggesting room for negotiation. 29.2% of homes sell above their asking price. 24.8% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
81
Contributing Factors
How This Market Compares
vs. National Median
vs. Michigan Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 43% below the national median, which could indicate stronger cash flow potential.
Hillsdale, MI metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$210K
Price per Sq Ft
$160
Sale-to-List Ratio
96.4%
Months of Supply
4.9
Sold Above List
29.2%
Price Drops
24.8%
New Listings
24
↓ 14.3% YoY
Pending Sales
38
Off Market in 2 Weeks
18.4%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.