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As spring unfolds in Hudson, Wisconsin, the local real estate market presents a unique landscape for both buyers and sellers. Here’s an overview of current trends and mortgage rates to guide your decisions.
🏠 Hudson Housing Market Snapshot
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Median Listing Price: $539,900
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Median Sold Price: $468,000
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Median Price per Sq Ft: $212
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Market Dynamics: Homes are selling at approximately 99.13% of their asking price, with an average of 72 days on the market. (Realtor)
The market currently favors buyers, offering opportunities to negotiate favorable terms.
💰 Current Mortgage Rates in Wisconsin
As of April 1, 2025, the average mortgage rates in Wisconsin are:
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30-Year Fixed: 6.78%
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15-Year Fixed: 5.94%
These rates have seen a slight decrease compared to earlier months, providing a more favorable environment for prospective homeowners.
🏡 Affordability in Hudson
With a median home value of $349,222 in Hudson, a household would need an annual income of approximately $72,853 to afford a home, assuming a 10% down payment. Given that the median household income in Hudson is $94,913, many residents are well-positioned to enter the housing market.
📌 Final Thoughts
The current market conditions in Hudson, combined with slightly reduced mortgage rates, create a conducive environment for buyers. Sellers should be prepared for longer listing periods but can still achieve near-asking prices with proper positioning.
If you’re considering buying or selling in Hudson, now is an opportune time to consult with a local real estate professional to navigate the market effectively.
