Is Jefferson Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$278,250
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Jefferson Township was $278,250 in April 2024, up 23.7% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $70K | - | N/A |
2 Bedrooms | $179.9K | $187.6K | +4.3% |
3 Bedrooms | $269.5K | $225K | -16.5% |
4 Bedrooms | $221.5K | $369K | +66.6% |
5+ Bedrooms | $605K | $553.2K | -8.6% |
Summary: Jefferson Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 16.5%, 4 bedroom homes increased by 66.6%, and 5+ bedroom homes decreased by 8.6%.
Median Sold Price Compared To Nearby Cities
Jefferson Township | $225K | $278.2K | +23.7% |
Penn Township | $359.9K | $435K | +20.9% |
Calvin Township | $272.5K | $319.5K | +17.2% |
LaGrange Township | $205.4K | $198.5K | -3.4% |
Howard Township | $222K | $194.9K | -12.2% |
Housing Supply in Jefferson Township, MI
How many homes are available in Jefferson Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 4 | -33.3% |
Summary: The Jefferson Township real estate market had 4 homes for sale in April 2024, a 33.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 4 | 2 | -50.0% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Jefferson Township housing inventory by bedroom type for April 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 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 1 | -66.7% |
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 April 2024, down by 66.7% month-over-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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
59 Days | 5 Days | -91.5% |
Summary: Homes in Jefferson Township had an average of 5 days on market in Apr 2024, down by 91.5% 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 April 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.