Is Jenison, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Jenison has remained a Seller's Market.
Key Takeaway
Jenison is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jenison, MI
How much do homes in Jenison, MI cost?
Median Sold Price
$348,466
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Jenison have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Jenison was $348,466 in May 2024, up 10.3% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $231K | $207.5K | -10.2% |
| 2 Bedrooms | $210K | $224.5K | +6.9% |
| 3 Bedrooms | $300K | $335K | +11.7% |
| 4 Bedrooms | $347.5K | $391.5K | +12.7% |
| 5+ Bedrooms | $445K | $405K | -9.0% |
Summary: Jenison housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.2%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes decreased by 9%.
Median Sold Price Compared To Nearby Cities
| Tallmadge Charter Township | $360K | $412.5K | +14.6% |
| Jenison | $315.9K | $348.4K | +10.3% |
| Grandville | $315K | $343.8K | +9.1% |
| Georgetown Charter Township | $341.9K | $365K | +6.7% |
| Hudsonville | $375K | $400K | +6.7% |
Housing Supply in Jenison, MI
How many homes are available in Jenison, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 70 | 73 | +4.3% |
Summary: The Jenison real estate market had 73 homes for sale in May 2024, a 4.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 15 | 12 | -20.0% |
| 3 Bedrooms | 29 | 27 | -6.9% |
| 4 Bedrooms | 15 | 21 | +40.0% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Jenison housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 20 | -35.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jenison, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Jenison in May 2024, down by 35.5% month-over-month. Of the 20 sold homes, 15% were sold under asking, 35% were sold at asking, and 50% were sold over asking.
Days on Market for Jenison, MI
How long does it take to sell a home in Jenison, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 11 Days | 13 Days | +16.7% |
Summary: Homes in Jenison had an average of 13 days on market in May 2024, up by 16.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jenison are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 20 homes were sold in Jenison; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
