Is Jonesville, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Jonesville was a Seller's Market.
Key Takeaway
Jonesville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Jonesville, MI
How much do homes in Jonesville, MI cost?
Median Sold Price
$189,900
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Jonesville have sold for 15.1% more than they did a year ago.
Summary: The median home sold price in Jonesville was $189,900 in May 2024, up 15.1% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $65K | -64.9% |
| 2 Bedrooms | $102.2K | $130K | +27.2% |
| 3 Bedrooms | $175K | $191K | +9.1% |
| 4 Bedrooms | $189.9K | $197K | +3.7% |
| 5+ Bedrooms | $200K | $245K | +22.5% |
Summary: Jonesville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.9%, 2 bedroom homes increased by 27.2%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 22.5%.
Median Sold Price Compared To Nearby Cities
| Jonesville | $165K | $189.9K | +15.1% |
| Fayette Township | $170K | $180K | +5.9% |
Housing Supply in Jonesville, MI
How many homes are available in Jonesville, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Summary: The Jonesville real estate market had 13 homes for sale in May 2024, a 7.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Jonesville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Jonesville, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Jonesville in May 2024, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Jonesville, MI
How long does it take to sell a home in Jonesville, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 36 Days | +30.6% |
Summary: Homes in Jonesville had an average of 36 days on market in May 2024, up by 30.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jonesville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Jonesville; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
