Jackson, MI Home Values & Market Trends

Real estate market trends reflect that there have been 1,615 transactions over the past year in Jackson. The median value for residential home transactions that occurred over the previous year is $168,570.56. The number of current listings in Jackson is 217, and the percentage of properties for sale in the city is 217.00%. Jackson, MI currently has 69 properties in foreclosure, 27 bank owned properties, 42 properties headed for auction, and 217 properties for sale.

Jackson, MI Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
49203

$ 139,583

$ 112/sqft

49202

$ 123,548

$ 92/sqft

49201

$ 228,320

$ 128/sqft

Housing Market Summary for Jackson, MI

Mar 2023February 2024Change
Median Listing Price$130K$166.7K28.20%
Median Sold Price$146.9K$166.7K13.48%
Homes For Sale1982127.07%
Homes Sold9201,09018.48%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Jackson, MI

Jackson home values range from $13,162 to $5,237,449. The median estimated value of a home in Jackson is $168,570.56. The median list price of a home is 140,000, and the total count of properties in the city is 36,143.

Foreclosure
There are 3 zips within Jackson, MI; within these zips, the median estimated home value for homes in foreclosure ranges from $483,197 in 49203 to the lowest value of $41,252 in 49203. Foreclosure homes account for 0.00% of properties in Jackson, MI with 49203 containing 28 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Jackson, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 3 zips within Jackson, MI; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Jackson, MI ranges from the highest value of $345,394 in 49201 to the lowest value of $45,090 in 49202. Bank owned homes and properties account for 0.07% of properties in Jackson, MI. There are 3 zips within Jackson, MI; 49201 containing 11 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    49203 has 18 auction properties, the highest number of properties going to auction in a single zip in the state of Jackson, MI. Auction homes and other auction properties account for 0.12% of all properties in Jackson, MI. There are 3 zips within Jackson, MI; of those zips, the median estimated home value for homes going to auction ranges from $255,049 in 49202 to the lowest value of $41,252 in 49202.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.60% of residential properties in Jackson, MI with 49203 containing 87 homes for sale, the highest number of listed properties in a single zip. There are 3 zips within Jackson, MI; homes for sale in those zips, have a range of median values from $3,000,000 in 49202 to the lowest value of $22,419 in 49203.
    Sold Homes
    The median value for recently sold homes ranges from $338,364 in 49202 to the lowest price of $16,420 in 49202. There are 3 zips within Jackson, MI. 49203 has 456 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 2.89% of properties in Jackson, MI.

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      Guide for Jackson, MI

      RealtyTrac Market Report
      Michigan
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Fix and Flip
      Jacksonville, FL: Real Estate Market Trends 2023
      Michigan
      Detroit Real Estate Market Holds Steady: 2023 in Review
      Investment Guides
      Why Buying a Foreclosure is a Smart Move
      See More Articles
      RealtyTrac Market Report
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Michigan|posted 8 December 2023

      Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.

      Jacksonville, FL: Real Estate Market Trends 2023
      Fix and Flip|posted 8 February 2024

      This blog post provides an in-depth analysis of the real estate market trends in Jacksonville, Florida and nearby areas based on key metrics such as average property values, sold prices per square foot, and property counts. The data reveals a dynamic marketplace with fluctuating property values and varying sold prices per square foot.

      Detroit Real Estate Market Holds Steady: 2023 in Review
      Michigan|posted 25 January 2024

      The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.

      Why Buying a Foreclosure is a Smart Move
      Investment Guides|posted 15 November 2017

      Why Buying a Foreclosure is a Smart Move