Jerome, MI Home Values & Market Trends
Real estate market trends reflect that there have been 91 transactions over the past year in Jerome. The median value for residential home transactions that occurred over the previous year is $332,161. The number of current listings in Jerome is 89, and the percentage of properties for sale in the city is 89.00%. Jerome, MI currently has 3 properties in foreclosure, 1 bank owned properties, 2 properties headed for auction, and 89 properties for sale.
Jerome, MI Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 49249 | $ 332,161 $ 257/sqft |
Housing Market Summary for Jerome, MI
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $369K | $340K | -7.86% |
| Median Sold Price | $263.3K | $282K | 7.11% |
| Homes For Sale | 78 | 88 | 12.82% |
| Homes Sold | 54 | 41 | -24.07% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Jerome, MI
Browse Homes in Jerome, MI
Jerome home values range from $43,981 to $942,647. The median estimated value of a home in Jerome is $332,161. The median list price of a home is 340,000, and the total count of properties in the city is 138.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Jerome, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Jerome, MI; of that 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 OwnedThe median estimated home value of bank owned homes (REO properties) in Jerome, MI ranges from the highest value of $155,436 in 49249 to the lowest value of $155,436 in 49249. Bank owned homes and properties account for 0.72% of properties in Jerome, MI. There is 1 zips within Jerome, MI; 49249 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions49249 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Jerome, MI. Auction homes and other auction properties account for 1.45% of all properties in Jerome, MI. There is 1 zips within Jerome, MI; of that zips, the median estimated home value for homes going to auction ranges from $239,900 in 49249 to the lowest value of $182,500 in 49249.
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Guide for Jerome, MI
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
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