Is Jackson, 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, Jackson has remained a Seller's Market.
Housing Prices in Jackson, MI
How much do homes in Jackson, MI cost?
Median Sold Price
$174,971
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Jackson was $174,971 in April 2024, up 24.5% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $69.3K | $70.9K | +2.3% |
2 Bedrooms | $113.9K | $130K | +14.1% |
3 Bedrooms | $144.9K | $175K | +20.8% |
4 Bedrooms | $190K | $249.9K | +31.6% |
5+ Bedrooms | $215K | $285K | +32.6% |
Summary: Jackson housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes increased by 32.6%.
Median Sold Price Compared To Nearby Cities
Jackson | $140.5K | $174.9K | +24.5% |
Summit Township | $193K | $217K | +12.4% |
Leoni Township | $200K | $213.5K | +6.8% |
Blackman Charter Township | $178K | $186.2K | +4.6% |
Housing Supply in Jackson, MI
How many homes are available in Jackson, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
307 | 321 | +4.6% |
Summary: The Jackson real estate market had 321 homes for sale in April 2024, a 4.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 57 | 66 | +15.8% |
3 Bedrooms | 152 | 144 | -5.3% |
4 Bedrooms | 67 | 76 | +13.4% |
5+ Bedrooms | 26 | 29 | +11.5% |
Summary: The Jackson housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 15.8%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 11.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
89 | 88 | -1.1% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Summary: A total of 88 homes were sold or pending in Jackson in April 2024, down by 1.1% month-over-month. Of the 88 sold homes, 44% were sold under asking, 14% were sold at asking, and 42% were sold over asking.
Days on Market for Jackson, MI
How long does it take to sell a home in Jackson, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 51 Days | -0.7% |
Summary: Homes in Jackson had an average of 51 days on market in Apr 2024, down by 0.7% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During April 2024, 88 homes were sold in Jackson; 41% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.