Jackson Market Report – October 2023

You’ve put too much into your home over the years to leave money on the table. As you consider selling, you deserve insight and guidance from an expert in your local market. Here are the top things to know about the Jackson Georgia real estate market right now:

Days on Market have Increased

In September, the median days on market for sold homes in Jackson increased to 15. While this is a month-over-month increase from the 13 day median we had in August, it is still down significantly from the 25-29 day medians we saw earlier in 2023. It’s important for sellers to understand these shifts and have a strategic marketing plan to maximize their sale price and sell in the fewest days possible.

Number of Properties Sold has Decreased

Jackson had just 14 closed home sales in September 2023, which is less than half of the 32 sales that were closed in August. This is the lowest number of closed sales we’ve seen in a single month all year. The number of new properties being listed for sale in September dropped significantly as well, with only 28 new listings vs 47 new listings in August. As inventory remains low, it offers the opportunity for properly positioned homes to stand out among the competition to attract the most buyers and sell quickly for top dollar.

Median Sale Price has Increased

The median sale price for September 2023 in Jackson was $320K, which was a month-over-month increase from the median of $279k in August and the highest median sale price we’ve seen in Jackson this year. With prices trending upward, sellers who have a strategic pricing and marketing plan are in a great position to maximize the return on their investment in their homes.

As a homeowner, what does this mean for you?

If you’re thinking about selling in the next 12 months, now is the time to start preparing for market.