$4,738 Closing Credit*
$399,000
3,010 SqFt
3 Beds
•3 Full Baths
Heather Ford, Listing Office: Coldwell Banker Schmidt - Boyne City
Is East Jordan, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, East Jordan has remained a Seller's Market.
Key Takeaway
East Jordan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Jordan, MI
How much do homes in East Jordan, MI cost?
Median Sold Price
$371,250
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$90,887(+32.4%)
Key Takeaway
Homes in East Jordan have sold for 32.4% more than they did a year ago.
Summary: The median home sold price in East Jordan was $371,250 in October 2024, up 32.4% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $267.5K | $256K | -4.3% |
| 2 Bedrooms | $205K | $299.3K | +46.0% |
| 3 Bedrooms | $250K | $355K | +42.0% |
| 4 Bedrooms | $309K | $390K | +26.2% |
| 5+ Bedrooms | $2.2M | $1.4M | -36.4% |
Summary: East Jordan housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 46%, 3 bedroom homes increased by 42%, 4 bedroom homes increased by 26.2%, and 5+ bedroom homes decreased by 36.4%.
Housing Supply in East Jordan, MI
How many homes are available in East Jordan, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 48 | +9.1% |
Summary: The East Jordan real estate market had 48 homes for sale in October 2024, a 9.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The East Jordan housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Jordan, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in East Jordan in October 2024, up by 25.0% month-over-month. Of the 10 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for East Jordan, MI
How long does it take to sell a home in East Jordan, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 107 Days | 88 Days | -18.1% |
Summary: Homes in East Jordan had an average of 88 days on market in Oct 2024, down by 18.1% 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 East Jordan has remained consistent over time.
Summary: During October 2024, 10 homes were sold in East Jordan; 0% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
© 2024 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.