Is Jerome Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Jerome Township has remained a Seller's Market.
Housing Prices in Jerome Township, MI
How much do homes in Jerome Township, MI cost?
Median Sold Price
$234,950
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Jerome Township was $234,950 in April 2024, up 2.2% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $137.5K | $163K | +18.5% |
3 Bedrooms | $222.4K | $225.5K | +1.4% |
4 Bedrooms | $390K | $338K | -13.3% |
5+ Bedrooms | $367.5K | $398K | +8.3% |
Summary: Jerome Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Cities
Sanford | $137.5K | $197.7K | +43.8% |
Jerome Township | $230K | $234.9K | +2.2% |
Housing Supply in Jerome Township, MI
How many homes are available in Jerome Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 24 | +50.0% |
Summary: The Jerome Township real estate market had 24 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 8 | 13 | +62.5% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Jerome Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 62.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Jerome Township in April 2024, up by 100.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Jerome Township, MI
How long does it take to sell a home in Jerome Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
166 Days | 76 Days | -54.2% |
Summary: Homes in Jerome Township had an average of 76 days on market in Apr 2024, down by 54.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Jerome Township; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.