Is Jefferson Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jefferson Township is a seller's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Jefferson Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Jefferson Township, MI

How much do homes in Jefferson Township, MI cost?

Median Sold Price

$266,500

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$26,500(+11.0%)

Key Takeaway

Homes in Jefferson Township have sold for 11% more than they did a year ago.

Summary: The median home sold price in Jefferson Township was $266,500 in September 2024, up 11% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$176K
N/A
2 $180K$73.7K
-59.0%
3 $275K$220K
-20.0%
4 $321K$300K
-6.5%
5+ $605K$465.7K
-23.0%

Summary: Jefferson Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 59%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 23%.

Median Sold Price Compared To Nearby Cities

Penn Township
+19.4%
LaGrange Township
+19.2%
Jefferson Township
+11.0%
Howard Township
0.0%

Housing Supply in Jefferson Township, MI

How many homes are available in Jefferson Township, MI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
87-12.5%

Summary: The Jefferson Township real estate market had 7 homes for sale in September 2024, a 12.5% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 22
0.0%
3 54
-20.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Jefferson Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jefferson Township, 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 Township in September 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Jefferson Township, MI

How long does it take to sell a home in Jefferson Township, MI?

Average Sale Time

Sep 2023Sep 2024CHANGE
29 Days35 Days+23.0%

Summary: Homes in Jefferson Township had an average of 35 days on market in Sep 2024, up by 23% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Jefferson Township has remained consistent over time.

Summary: During September 2024, 3 homes were sold in Jefferson Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 10 Days Ago

Newest Listings in Jefferson Township, MI

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