Is Jackson County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jackson County is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Jackson County has remained a Seller's Market.

Key Takeaway

Jackson County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Jackson County, MI cost?

Median Sold Price

$180,428

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$6,816(+3.9%)

Key Takeaway

Homes in Jackson County have sold for 3.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $71K$93K
+31.0%
2 $124.9K$129.4K
+3.6%
3 $175K$184.3K
+5.4%
4 $232.2K$245.1K
+5.6%
5+ $300K$289K
-3.7%

Median Sold Price Compared To Nearby Counties

Hillsdale County
+15.1%
Lenawee County
+14.3%
Ingham County
+8.0%
Eaton County
+6.6%
Jackson County
+3.9%

How many homes are available in Jackson County, MI?

Number of Homes For Sale

Sep 2022Oct 2022%
777759-2.3%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 1719
+11.8%
2 147148
+0.7%
3 379364
-4.0%
4 182176
-3.3%
5+ 5252
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
223197-11.7%

Asking Price vs. Sold Price

88 Homes Were Sold
Under Asking

37 Homes Were Sold
At Asking

72 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jackson County, you may be able to get a good deal. 44.7% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
25 Days29 Days+17.6%

Breakdown of Home Sale Times

95 Homes Were Sold
Under 30 Days

41 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Jackson County are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Jackson County, MI

Jackson County, MI has 759 homes on the market. The number of listings in Jackson County, MI decreased by 2.3% between September 2022 and October 2022. In October 2022 median list price was $180,428 and the average listing age was 29 days. Listing prices have changed in this real estate market between September 2022 and October 2022: the cost of 1 bedroom properties went up by 31%, 2 bedrooms properties became 3.6% more expensive, prices of 3 bedrooms properties went up by 5.4%, 4 bedrooms properties became 5.6% more expensive, the cost of 5 bedrooms properties went down by 3.7%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory increased by 11.8%, the quantity of 2 bedrooms homes went up by 0.7%, volume of 3 bedrooms homes went down by 4%, volume of 4 bedrooms homes went down by 3.3%, volume of 5 bedrooms homes stayed the same. In October 2022, from all listings sold in Jackson County, MI there were more than 72 sold above asking price, over 88 sold below and more than 37 were sold right at the asked price.

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