Jackson Market Report – December 2024

December is upon us and 2025 will be here before we know it. Traditionally, the real estate market slows significantly this month as people shift their priorities to traveling & celebrating the holidays and away from real estate purchases & moving. However, this is often the time of year when people start making their plans for the new year, which often includes planning for a future move.

Our homes serve us well over the years, but as life changes, you might decide it’s time to move. The idea of moving into the home that fits your lifestyle now sounds appealing. But first, you know you want to maximize your sale price.

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 area real estate market right now:

Days on Market have Decreased

In November, the median days on market for sold properties here in Jackson decreased to 36, from 53 in October. While this isn’t the lowest number we’ve seen all year, it is far from the highest. When selling your home, it’s crucial to have the right strategy in place to prepare, price, and position it in a way that stands out to attract buyers’ attention and sell quickly.

Number of Properties Sold has Decreased

The number of properties sold in November decreased to 22, down from 28 in October. However, for the same period, pending sales also increased from 30 to 38, signaling an increase in sales likely in the near future as these pending sales close. With the local market constantly changing, sellers should focus on making sure they’re working with a professional that knows the local market and will ensure their home is positioned in a way that reaches and appeals to as many potential buyers as possible.

Median Sale Price has Decreased

In November, the median sale price in Jackson decreased to $256k. This is the lowest median we’ve seen here all year. Interestingly enough, the median list price during this same period was $254k. This resulted in a sales to list price ratio of 101%, signaling that this lower median price point remains competitive and many buyers are paying at or above list price. Keep in mind that this doesn’t necessarily mean that individual home prices have come down that significantly in recent months. Since this is a snapshot of the entire Jackson market, it simply shows that the seasonal slowdown is more pronounced at higher price points, as more buyers shopping for higher price homes in our area have stepped back from the market for the holiday season. It’s important for sellers to work with an agent who is monitoring these shifts to set appropriate prices and expectations from the start to maximize sales price while minimizing days on market.

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.

Yes, real estate transactions can be complicated. But they don’t have to feel that way. When we work together, I use a proven system to get you from consultation to closing without unnecessary stress & worry. You deserve an agent who thoroughly understands your unique needs and can confidently guide you seamlessly through your real estate transaction—so you can focus on living your life!

This is why my clients have trusted me to guide them through their biggest financial transactions since 2013. My step-by-step process has been carefully developed to get you the best price, within your ideal timeline, with the least amount of stress.

If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 770-630-8394

We will talk in detail about your goals and my proven strategy for getting you the best price within your ideal timeframe, and with the least amount of stress.

Call Today → 770-630-8394
Kim Freshwater
License # 353622
Century 21 Crowe Realty