Is Jefferson Chalmers, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Jefferson Chalmers was a Neutral Market.
Key Takeaway
Jefferson Chalmers is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Jefferson Chalmers, MI
How much do homes in Jefferson Chalmers, MI cost?
Median Sold Price
$145,000
$83/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Jefferson Chalmers have sold for 7.6% less than they did a year ago.
Summary: The median home sold price in Jefferson Chalmers was $145,000 in March 2024, down 7.6% from last year, and the median price per square foot was $83.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98K | - | N/A |
| 2 Bedrooms | $108.2K | $145K | +34.0% |
| 3 Bedrooms | $167K | $140.9K | -15.6% |
| 4 Bedrooms | $192.5K | $125K | -35.1% |
| 5+ Bedrooms | $50K | $154K | +208.0% |
Summary: Jefferson Chalmers housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34%, 3 bedroom homes decreased by 15.6%, 4 bedroom homes decreased by 35.1%, and 5+ bedroom homes increased by 208%.
Median Sold Price Compared To Nearby Neighborhoods
| Jefferson Chalmers | $157K | $145K | -7.6% |
| Lower East | $129K | $109.4K | -15.2% |
| East Riverside | $175K | $147K | -16.0% |
Housing Supply in Jefferson Chalmers, MI
How many homes are available in Jefferson Chalmers, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 33 | +17.9% |
Summary: The Jefferson Chalmers real estate market had 33 homes for sale in March 2024, a 17.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 14 | 22 | +57.1% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Jefferson Chalmers housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 57.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jefferson Chalmers, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Jefferson Chalmers in March 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Jefferson Chalmers, MI
How long does it take to sell a home in Jefferson Chalmers, MI?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Jefferson Chalmers are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Jefferson Chalmers; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.