We are now halfway through 2014. The average sale price of a home in Jackson County continues to rise, up to $114,846. Last year at this time we were at $105,158. This tells us that home values in Jackson Michigan are up 9%.
813 homes have sold at this mid-year point, and that is just under 50% of all the homes listed. This is a slight drop from the number of homes sold at this time last year. There were 954 homes sold in the first 6 months of 2013.
With the shortage of homes on the market, sale prices are within 95% of list price. The average list price of a home that sold was $119,802.
The average days on market (DOM) for the first six months of 2014 was 124 days. With transactions averaging four weeks to close, this tells us that sellers are accepting an offer within 5-7 weeks of being on the market.