Is Jackson, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Jackson has remained a Seller's Market.
Key Takeaway
Jackson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jackson, OH
How much do homes in Jackson, OH cost?
Median Sold Price
$190,000
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Jackson have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Jackson was $190,000 in May 2024, up 6.8% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $38.5K | $278.4K | +623.4% |
| 2 Bedrooms | $121.9K | $124.9K | +2.5% |
| 3 Bedrooms | $185K | $190K | +2.7% |
| 4 Bedrooms | $262.5K | $226K | -13.9% |
| 5+ Bedrooms | $139.5K | $282K | +102.2% |
Summary: Jackson housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 623.4%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 13.9%, and 5+ bedroom homes increased by 102.2%.
Median Sold Price Compared To Nearby Cities
| Franklin Township | $230K | $261K | +13.5% |
| Jackson | $177.9K | $190K | +6.8% |
Housing Supply in Jackson, OH
How many homes are available in Jackson, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Summary: The Jackson real estate market had 13 homes for sale in May 2024, a 18.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 4 | 1 | -75.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Jackson housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Jackson, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Jackson in May 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Jackson, OH
How long does it take to sell a home in Jackson, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 90 Days | 128 Days | +42.8% |
Summary: Homes in Jackson had an average of 128 days on market in May 2024, up by 42.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Jackson are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 4 homes were sold in Jackson; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.