Is Jackson County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Jackson County has remained a Seller's Market.
Housing Prices in Jackson County, MI
How much do homes in Jackson County, MI cost?
Median Sold Price
$200,020
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Jackson County was $200,020 in March 2024, up 11.2% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $84.5K | $114K | +34.9% |
2 Bedrooms | $126.7K | $141.4K | +11.6% |
3 Bedrooms | $185K | $200.3K | +8.3% |
4 Bedrooms | $245K | $275K | +12.2% |
5+ Bedrooms | $320K | $344K | +7.5% |
Summary: Jackson County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.9%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 7.5%.
Median Sold Price Compared To Nearby Counties
Eaton County | $210.1K | $234.9K | +11.8% |
Jackson County | $179.8K | $200K | +11.2% |
Hillsdale County | $175K | $186.1K | +6.4% |
Ingham County | $184K | $189.9K | +3.2% |
Lenawee County | $213.1K | $209.7K | -1.6% |
Housing Supply in Jackson County, MI
How many homes are available in Jackson County, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
445 | 484 | +8.8% |
Summary: The Jackson County real estate market had 484 homes for sale in March 2024, a 8.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 16 | +45.5% |
2 Bedrooms | 83 | 92 | +10.8% |
3 Bedrooms | 226 | 220 | -2.7% |
4 Bedrooms | 90 | 110 | +22.2% |
5+ Bedrooms | 35 | 46 | +31.4% |
Summary: The Jackson County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 45.5%, 2 bedroom homes increased by 10.8%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 31.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
123 | 120 | -2.4% |
Asking Price vs. Sold Price
51 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Summary: A total of 120 homes were sold or pending in Jackson County in March 2024, down by 2.4% month-over-month. Of the 120 sold homes, 43% were sold under asking, 27% were sold at asking, and 31% were sold over asking.
Days on Market for Jackson County, MI
How long does it take to sell a home in Jackson County, MI?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 59 Days | +79.9% |
Summary: Homes in Jackson County had an average of 59 days on market in Mar 2024, up by 79.9% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
44 Homes Were Sold
In 30 - 90 Days
31 Homes Were Sold
Over 90 Days
Summary: During March 2024, 120 homes were sold in Jackson County; 38% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.