Is Jeffries, 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, Jeffries has remained a Buyer's Market.
Key Takeaway
Jeffries is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Jeffries, MI
How much do homes in Jeffries, MI cost?
Median Sold Price
$373,600
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Jeffries have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Jeffries was $373,600 in April 2024, up 1.9% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $215K | N/A |
| 2 Bedrooms | $370K | $359.3K | -2.9% |
| 3 Bedrooms | $347.5K | $437.2K | +25.8% |
| 4 Bedrooms | $399K | $349.5K | -12.4% |
| 5+ Bedrooms | $375K | $240K | -36.0% |
Summary: Jeffries housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 25.8%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes decreased by 36%.
Median Sold Price Compared To Nearby Neighborhoods
| Jeffries | $366.7K | $373.6K | +1.9% |
| Woodbridge | $380K | $375K | -1.3% |
Housing Supply in Jeffries, MI
How many homes are available in Jeffries, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 29 | +31.8% |
Summary: The Jeffries real estate market had 29 homes for sale in April 2024, a 31.8% increase 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 | 13 | 17 | +30.8% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Jeffries 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 30.8%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jeffries, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Jeffries in April 2024, up by 100.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Jeffries, MI
How long does it take to sell a home in Jeffries, MI?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Jeffries are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Jeffries; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
