ZIP 49242 (Hillsdale, MI) Housing Market & Real Estate Update — February 23, 2026
49242 – February 23, 2026 – Hillsdale-area prices rose in January, but homes are taking longer to sell. Inventory sits around 60–80 listings.
ZIP 49242 (Hillsdale, Michigan) is showing a winter pattern that’s common in smaller markets: prices are up year over year, but homes are taking longer to move, so buyers have more time to compare options.
Top takeaways
- Sale prices jumped year over year: Redfin’s January 2026 median sale price for 49242 was $227,080 (+28.3% YoY).
- Marketing times lengthened: Redfin shows a January median of 93 days on market (up from 67 days last year).
- Inventory looks ‘moderate’ depending on the site: Redfin shows 61 active homes, Zillow shows 52, and Realtor.com shows 81.
- Values still trending higher: Zillow’s typical home value for 49242 is $189,973 (data through Jan 31, 2026), up 8.7% over the past year.
Market snapshot (last 30 days)
Closed sales: Redfin reports 28 homes sold in January 2026 in ZIP 49242. That’s slightly higher than last year, but the bigger signal is pace: the median days on market rose to 93, which can translate into more negotiating room on properties that aren’t ‘must-haves’.
Active listings: For today’s shopping reality, the easiest way to think about supply is a range. Redfin is showing 61 homes for sale in 49242 right now, while Realtor.com shows 81 and a $270,000 median for-sale price.
Pricing context: Zillow’s dashboard puts the typical home value at $189,973 and the median list price at $239,083 for the ZIP (as of Jan 31, 2026). Different platforms measure different things (sold vs. list vs. modelled values), but together they point to a market that’s priced higher than last winter even as the timeline to sell has stretched out.
What to watch this week
- Price cuts: With DOM higher, sellers who start a bit too high may need one clean adjustment rather than a series of small drops.
- Financing sensitivity: With mortgage rates still elevated versus the pre-2022 era, small rate moves can meaningfully change affordability. Buyers should re-run payments before making offers.
- Inspection planning: If you’re buying, line up your inspection window early so you don’t lose leverage in negotiations due to scheduling delays.
What’s for sale nearby (no addresses)
Today’s active inventory in 49242 spans everything from smaller in-town homes to rural acreage and lakefront properties. If you’re trying to stay under a specific payment, start by scanning the full Redfin and Realtor.com ZIP search pages, then narrow by price band and lot size.
Rentals
Rental availability in 49242 can be spotty week to week. Zillow’s ZIP dashboard shows only a small set of current rentals at a time, so renters may need to broaden their search radius and be ready with documents when a good fit hits the market.
ServiceXTC local pros
We were not able to reliably surface ZIP-verified ServiceXTC provider pages for 49242 in today’s directory pull. If you’re prepping a home for sale (or taking on a value-add purchase), the most time-sensitive pros are typically a home inspector, roofer, HVAC tech, electrician, and plumber.
What are you seeing in Hillsdale right now — more price reductions, or buyers still competing on the best-kept homes?
Sources
https://www.redfin.com/zipcode/49242/housing-market
https://www.redfin.com/zipcode/49242
https://www.zillow.com/home-values/79628/hillsdale-mi-49242/
https://www.realtor.com/realestateandhomes-search/49242/overview
https://www.realtor.com/local/market/michigan/zipcode-49242