Is Jasper, MI 49248 a buyer’s or seller’s market?
Jasper is a seller’s market. With about 1.6 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Jasper housing market right now
In the three months ending August 31, 2026, 0% of homes in Jasper, MI 49248 sold above their list price, the typical home went under contract in 138 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 100%, homes sold more slowly (32 days then) and the median sale price rose 8% to $179,759. Overall, Jasper is less competitive than a year ago, which gives buyers more room.
Within Lenawee County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Clayton 49235 (100% sold over asking) and Sand Creek 49279 (100% sold over asking) are even more competitive.
Run the numbers for 49248
Nearby markets
Addison 49220Buyer’s market $190 /sq ftAdrian 49221Seller’s market $134 /sq ftBlissfield 49228Seller’s market $179 /sq ftBritton 49229Seller’s market $236 /sq ft Browse all markets →Where Jasper is
Loading map…
Questions about Jasper real estate
Is Jasper a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Jasper, MI 49248 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Jasper?
The typical home went under contract in 138 days in the latest three months.
Do homes in Jasper sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 97.9% of the list price.
What are property taxes in Jasper?
About 1.27% of a home’s value a year in Lenawee County, or roughly $5,080 on a $400,000 home.
What is the median home price in Jasper?
The median sale price was $179,759 in the three months ending August 31, 2026, about $131 per square foot.
Local agents
See all agents in 49248 →No sponsored agents in 49248 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 49248
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology