Curious how the Hudson, Massachusetts real estate market is doing? In this 2022 Mid-Year Housing Report, we’re looking at home sales in Hudson in the first half of 2022 compared to the first half of 2021 and how the market performed in that area.
Home Sales Down 21.92% & Prices Up 10.3%
As of June 30, 2022, home sales in Hudson decreased by 21.92% with 114 sales compared to 146 last year in the same timeframe.
Average prices increased by 10.3% moving from $436,365 to $481,331 in 2022 so far.
These metrics include single families, condos, and multi-families. The categorical breakdowns are listed in the infographic above.
Listed Homes
There were 158 homes listed on the market in Hudson this year compared to 179 this time last year, an 11.73% decrease.
Pending Homes
There were 138 homes with contracts accepted in Hudson which is the result of a 14.29% decrease over last year, which had 161.
2022 Outlook
Hudson’s real estate market performed consistent with Massachusetts market trends in that sales have decreased and prices have increased year over year. Increased mortgage rates have caused buyers to back out of the market which has lowered demand and caused the market to start downshifting back to pre-pandemic levels. Despite a lessening in demand, given current lowered inventory levels, prices are still expected to increase as the year continues, but not in the extreme fashion in which they have been rising.
To learn more about Massachusetts performance and the predictions for the rest of the year, click here to read the 2022 Massachusetts Mid-Year Report.
Data provided by Warren Group & MLSPin and compared to the prior year.
Additional Resources
