Is Jackson Hill, 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, Jackson Hill has remained a Seller's Market.
Housing Prices in Jackson Hill, MI
How much do homes in Jackson Hill, MI cost?
Median Sold Price
$145,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Jackson Hill was $145,000 in April 2024, up 7.2% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $76K | $79.9K | +5.1% |
2 Bedrooms | $121K | $119.9K | -0.9% |
3 Bedrooms | $160K | $180K | +12.5% |
4 Bedrooms | $265.5K | $189.5K | -28.6% |
5+ Bedrooms | - | $486.9K | N/A |
Summary: Jackson Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Angell | $110K | $121.1K | +10.1% |
Jackson Hill | $135.2K | $145K | +7.2% |
Housing Supply in Jackson Hill, MI
How many homes are available in Jackson Hill, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 12 | -7.7% |
Summary: The Jackson Hill real estate market had 12 homes for sale in April 2024, a 7.7% decrease 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 | 4 | 5 | +25.0% |
3 Bedrooms | 5 | 4 | -20.0% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Jackson Hill 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 25%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Jackson Hill in April 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Jackson Hill, MI
How long does it take to sell a home in Jackson Hill, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
107 Days | 84 Days | -21.3% |
Summary: Homes in Jackson Hill had an average of 84 days on market in Apr 2024, down by 21.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Jackson Hill; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.