Is Jonesfield Township, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jonesfield Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Jonesfield Township has remained a Seller's Market.

Key Takeaway

Jonesfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Jonesfield Township, MI

How much do homes in Jonesfield Township, MI cost?

Median Sold Price

$137,448

$101/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$23,501(-14.6%)

Key Takeaway

Homes in Jonesfield Township have sold for 14.6% less than they did a year ago.

Summary: The median home sold price in Jonesfield Township was $137,448 in November 2024, down 14.6% from last year, and the median price per square foot was $101.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$155K
N/A
2 $68K$110.5K
+62.5%
3 $175K$139.9K
-20.1%
4 $80K$144K
+80.0%
5+ $198K$256K
+29.3%

Summary: Jonesfield Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 62.5%, 3 bedroom homes decreased by 20.1%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 29.3%.

Median Sold Price Compared To Nearby Cities

Richland Township
+9.2%
Merrill
-4.3%
Jonesfield Township
-14.6%

Housing Supply in Jonesfield Township, MI

How many homes are available in Jonesfield Township, MI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
76-14.3%

Summary: The Jonesfield Township real estate market had 6 homes for sale in November 2024, a 14.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 33
0.0%
4 22
0.0%
5+ 00
0.0%

Summary: The Jonesfield Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jonesfield Township, 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 Jonesfield Township in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Jonesfield Township, MI

How long does it take to sell a home in Jonesfield Township, MI?

Average Sale Time

Nov 2023Nov 2024CHANGE
12 Days8 Days-33.3%

Summary: Homes in Jonesfield Township had an average of 8 days on market in Nov 2024, down by 33.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Jonesfield Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Jonesfield Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Jonesfield Township, MI

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