Is Jefferson Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Jefferson Township has remained a Seller's Market.
Housing Prices in Jefferson Township, MI
How much do homes in Jefferson Township, MI cost?
Median Sold Price
$270,750
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Jefferson Township was $270,750 in May 2024, down 5.3% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $180K | $134.7K | -25.1% |
3 Bedrooms | $304.5K | $225K | -26.1% |
4 Bedrooms | $247.2K | $302K | +22.1% |
5+ Bedrooms | $605K | $553.2K | -8.6% |
Summary: Jefferson Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 25.1%, 3 bedroom homes decreased by 26.1%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes decreased by 8.6%.
Median Sold Price Compared To Nearby Cities
Calvin Township | $207K | $445K | +115.0% |
LaGrange Township | $192.9K | $205K | +6.2% |
Howard Township | $212.7K | $215K | +1.1% |
Jefferson Township | $286K | $270.7K | -5.3% |
Housing Supply in Jefferson Township, MI
How many homes are available in Jefferson Township, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Summary: The Jefferson Township real estate market had 2 homes for sale in May 2024, a 50.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 2 | 0 | -100.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Jefferson Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Jefferson Township in May 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Jefferson Township, MI
How long does it take to sell a home in Jefferson Township, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
58 Days | 3 Days | -94.8% |
Summary: Homes in Jefferson Township had an average of 3 days on market in May 2024, down by 94.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Jefferson 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.