Is Hillsdale, MI 49242 a buyer’s or seller’s market?

The Hillsdale housing market right now

In the three months ending August 31, 2026, 22% of homes in Hillsdale, MI 49242 sold above their list price, the typical home went under contract in 57 days and there were 4.1 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 46 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 14%, homes sold more slowly (46 days then) and the median sale price rose 2% to $234,898. Overall, Hillsdale is more competitive than a year ago, so tougher for buyers.

Within Hillsdale County, homes here sell more slowly than in 56% of the county’s ZIP codes, and sell more often over asking than in 67%. On our competition score, Hillsdale ranks #432 of 510 MI ZIP codes with enough sales (score 36 out of 100).

Nearby, buyers who want less competition could look at Waldron 49288 (0% sold over asking) or Pittsford 49271 (0% sold over asking), while North Adams 49262 (33% sold over asking) and Litchfield 49252 (29% sold over asking) are even more competitive.