Is Jonesville, 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, Jonesville was a Seller's Market.
Key Takeaway
Jonesville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Jonesville, MI
How much do homes in Jonesville, MI cost?
Median Sold Price
$189,900
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Jonesville have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Jonesville was $189,900 in March 2024, up 8.5% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $65K | -64.9% |
| 2 Bedrooms | $101.1K | $102K | +0.8% |
| 3 Bedrooms | $175K | $192K | +9.7% |
| 4 Bedrooms | $265K | $187.4K | -29.3% |
| 5+ Bedrooms | $204.9K | $245K | +19.5% |
Summary: Jonesville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 64.9%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 29.3%, and 5+ bedroom homes increased by 19.5%.
Median Sold Price Compared To Nearby Cities
| Jonesville | $175K | $189.9K | +8.5% |
| Fayette Township | $175K | $185K | +5.7% |
Housing Supply in Jonesville, MI
How many homes are available in Jonesville, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Summary: The Jonesville real estate market had 11 homes for sale in March 2024, a 15.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Jonesville 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 increased by 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jonesville, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Jonesville in March 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Jonesville, MI
How long does it take to sell a home in Jonesville, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 7 Days | 41 Days | +459.1% |
Summary: Homes in Jonesville had an average of 41 days on market in Mar 2024, up by 459.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Jonesville has remained consistent over time.
Summary: During March 2024, 1 homes were sold in Jonesville; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
