$7,000
0.10 Acres
Land
Leah Clisby, Listing Office: Denovo Real Estate
Is Jefferson / Mack, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Jefferson / Mack was a Seller's Market.
Key Takeaway
Jefferson / Mack is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Jefferson / Mack, MI
How much do homes in Jefferson / Mack, MI cost?
Median Sold Price
$195,000
$78/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$108,500(+125.4%)
Key Takeaway
Homes in Jefferson / Mack have sold for 125.4% more than they did a month ago.
Summary: The median home sold price in Jefferson / Mack was $195,000 in December 2024, up 125.4% from last month, and the median price per square foot was $78.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $515K | - | N/A |
| 3 Bedrooms | $86.5K | - | N/A |
| 4 Bedrooms | $62K | - | N/A |
| 5+ Bedrooms | - | $195K | N/A |
Summary: Jefferson / Mack housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Jefferson / Mack | $86.5K | $195K | +125.4% |
| Chandler Park | $45K | $85K | +88.9% |
Housing Supply in Jefferson / Mack, MI
How many homes are available in Jefferson / Mack, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Summary: The Jefferson / Mack real estate market had 12 homes for sale in December 2024, a 20.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Jefferson / Mack housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jefferson / Mack, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Jefferson / Mack in December 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Jefferson / Mack, MI
How long does it take to sell a home in Jefferson / Mack, MI?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 24 Days | 48 Days | +94.6% |
Summary: Homes in Jefferson / Mack had an average of 48 days on market in Dec 2024, up by 94.6% compared to last month.
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 Jefferson / Mack has remained consistent over time.
Summary: During December 2024, 1 homes were sold in Jefferson / Mack; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.