Is Jackson County, IN 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 County has remained a Seller's Market.
Housing Prices in Jackson County, IN
How much do homes in Jackson County, IN cost?
Median Sold Price
$199,416
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Jackson County was $199,416 in May 2024, down 0.2% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $91.5K | $77K | -15.8% |
2 Bedrooms | $145K | $141.4K | -2.4% |
3 Bedrooms | $199.9K | $198K | -1.0% |
4 Bedrooms | $282K | $275K | -2.5% |
5+ Bedrooms | $350K | $446K | +27.4% |
Summary: Jackson County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.8%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 27.4%.
Median Sold Price Compared To Nearby Counties
Jennings County | $178.9K | $182.4K | +2.0% |
Jackson County | $199.7K | $199.4K | -0.2% |
Housing Supply in Jackson County, IN
How many homes are available in Jackson County, IN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
108 | 109 | +0.9% |
Summary: The Jackson County real estate market had 109 homes for sale in May 2024, a 0.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 10 | +11.1% |
3 Bedrooms | 73 | 71 | -2.7% |
4 Bedrooms | 20 | 22 | +10.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Jackson County 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 increased by 11.1%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 30 | +7.1% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Jackson County in May 2024, up by 7.1% month-over-month. Of the 30 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for Jackson County, IN
How long does it take to sell a home in Jackson County, IN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 51 Days | +62.8% |
Summary: Homes in Jackson County had an average of 51 days on market in May 2024, up by 62.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During May 2024, 30 homes were sold in Jackson County; 50% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.