Is Jenison, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Jenison has remained a Seller's Market.
Key Takeaway
Jenison is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jenison, MI
How much do homes in Jenison, MI cost?
Median Sold Price
$345,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Jenison have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in Jenison was $345,000 in March 2024, up 9.5% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $212K | $225K | +6.1% |
| 2 Bedrooms | $211.2K | $215K | +1.8% |
| 3 Bedrooms | $300K | $335K | +11.7% |
| 4 Bedrooms | $342.5K | $373.2K | +9.0% |
| 5+ Bedrooms | $459.9K | $410K | -10.9% |
Summary: Jenison housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 9%, and 5+ bedroom homes decreased by 10.9%.
Median Sold Price Compared To Nearby Cities
| Tallmadge Charter Township | $352.5K | $412.5K | +17.0% |
| Grandville | $302.6K | $340K | +12.3% |
| Hudsonville | $364.9K | $399.9K | +9.6% |
| Jenison | $315K | $345K | +9.5% |
| Georgetown Charter Township | $341.6K | $361K | +5.7% |
Housing Supply in Jenison, MI
How many homes are available in Jenison, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 53 | 60 | +13.2% |
Summary: The Jenison real estate market had 60 homes for sale in March 2024, a 13.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 21 | 24 | +14.3% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Jenison housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jenison, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Jenison in March 2024, up by 30.8% month-over-month. Of the 17 sold homes, 47% were sold under asking, 6% were sold at asking, and 47% were sold over asking.
Days on Market for Jenison, MI
How long does it take to sell a home in Jenison, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 13 Days | 28 Days | +108.0% |
Summary: Homes in Jenison had an average of 28 days on market in Mar 2024, up by 108% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jenison are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in Jenison; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 12% 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.