Is Jackson County, 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 County has remained a Seller's Market.
Housing Prices in Jackson County, MI
How much do homes in Jackson County, MI cost?
Median Sold Price
$199,981
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Jackson County was $199,981 in April 2024, up 11.1% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $84K | $101K | +20.2% |
2 Bedrooms | $126.6K | $144.2K | +13.9% |
3 Bedrooms | $187K | $200K | +6.9% |
4 Bedrooms | $245K | $275K | +12.3% |
5+ Bedrooms | $337.5K | $296.2K | -12.2% |
Summary: Jackson County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.2%, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes decreased by 12.2%.
Median Sold Price Compared To Nearby Counties
Eaton County | $209.7K | $239.6K | +14.2% |
Jackson County | $180K | $199.9K | +11.1% |
Hillsdale County | $175K | $189.9K | +8.5% |
Ingham County | $184.8K | $190.6K | +3.1% |
Lenawee County | $211.3K | $212.2K | 0.4% |
Housing Supply in Jackson County, MI
How many homes are available in Jackson County, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
492 | 525 | +6.7% |
Summary: The Jackson County real estate market had 525 homes for sale in April 2024, a 6.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 16 | 14 | -12.5% |
2 Bedrooms | 89 | 100 | +12.4% |
3 Bedrooms | 230 | 229 | -0.4% |
4 Bedrooms | 115 | 133 | +15.7% |
5+ Bedrooms | 42 | 49 | +16.7% |
Summary: The Jackson County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 12.4%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
136 | 149 | +9.6% |
Asking Price vs. Sold Price
75 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
50 Homes Were Sold
Over Asking
Summary: A total of 149 homes were sold or pending in Jackson County in April 2024, up by 9.6% month-over-month. Of the 149 sold homes, 50% were sold under asking, 16% were sold at asking, and 34% were sold over asking.
Days on Market for Jackson County, MI
How long does it take to sell a home in Jackson County, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 56 Days | +6.5% |
Summary: Homes in Jackson County had an average of 56 days on market in Apr 2024, up by 6.5% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
62 Homes Were Sold
In 30 - 90 Days
31 Homes Were Sold
Over 90 Days
Summary: During April 2024, 149 homes were sold in Jackson County; 38% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.