$1,543 Closing Credit*
$129,900
906 SqFt
2 Beds
•1 Full Bath
Shaney L Gorrell, Listing Office: Your Premiere Properties LLC
Is Jackson, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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, MI
How much do homes in Jackson, MI cost?
Median Sold Price
$177,680
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$15,224(+9.4%)
Key Takeaway
Homes in Jackson have sold for 9.4% more than they did a year ago.
Summary: The median home sold price in Jackson was $177,680 in September 2024, up 9.4% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $73.5K | $131K | +78.2% |
| 2 Bedrooms | $125K | $127.5K | +2.1% |
| 3 Bedrooms | $165K | $175.3K | +6.2% |
| 4 Bedrooms | $225K | $250K | +11.1% |
| 5+ Bedrooms | $285K | $291.5K | +2.3% |
Summary: Jackson housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 78.2%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Cities
| Blackman Charter Township | $170K | $192.9K | +13.5% |
| Leoni Township | $200K | $225K | +12.5% |
| Summit Township | $200K | $221.3K | +10.7% |
| Jackson | $162.4K | $177.6K | +9.4% |
Housing Supply in Jackson, MI
How many homes are available in Jackson, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 423 | 431 | +1.9% |
Summary: The Jackson real estate market had 431 homes for sale in September 2024, a 1.9% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 9 | 0.0% |
| 2 Bedrooms | 82 | 86 | +4.9% |
| 3 Bedrooms | 202 | 217 | +7.4% |
| 4 Bedrooms | 101 | 98 | -3.0% |
| 5+ Bedrooms | 29 | 21 | -27.6% |
Summary: The Jackson housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 27.6%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 122 | 85 | -30.3% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jackson, you may be able to get a good deal. 45.9% of homes here sold below asking price last month.
Summary: A total of 85 homes were sold or pending in Jackson in September 2024, down by 30.3% month-over-month. Of the 85 sold homes, 46% were sold under asking, 19% were sold at asking, and 35% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 39 Days | 52 Days | +31.0% |
Summary: Homes in Jackson had an average of 52 days on market in Sep 2024, up by 31% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
38 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Jackson has remained consistent over time.
Summary: During September 2024, 85 homes were sold in Jackson; 38% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.