$5,047 Closing Credit*
$425,000
2,098 SqFt
3 Beds
•2 Full Baths, 1 Partial
Erica Collica, Listing Office: Max Broock, REALTORS®-Detroit
Is Jeffries, 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, Jeffries has remained a Buyer's Market.
Key Takeaway
Jeffries is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Jeffries, MI
How much do homes in Jeffries, MI cost?
Median Sold Price
$361,827
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$31,827(+9.6%)
Key Takeaway
Homes in Jeffries have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Jeffries was $361,827 in October 2024, up 9.6% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $283.3K | N/A |
| 2 Bedrooms | $297.5K | $371.8K | +25.0% |
| 3 Bedrooms | $347.5K | $474K | +36.4% |
| 4 Bedrooms | $341.2K | $299K | -12.4% |
| 5+ Bedrooms | $240K | $300K | +25.0% |
Summary: Jeffries housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 36.4%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes increased by 25%.
Housing Supply in Jeffries, MI
How many homes are available in Jeffries, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 31 | -6.1% |
Summary: The Jeffries real estate market had 31 homes for sale in October 2024, a 6.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Jeffries 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 decreased by 15.4%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jeffries, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Jeffries in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Jeffries, MI
How long does it take to sell a home in Jeffries, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 132 Days | +562.5% |
Summary: Homes in Jeffries had an average of 132 days on market in Oct 2024, up by 562.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Jeffries are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 2 homes were sold in Jeffries; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
