Is Jerome, MI 49249 a buyer’s or seller’s market?

The Jerome housing market right now

In the three months ending August 31, 2026, 7% of homes in Jerome, MI 49249 sold above their list price, the typical home went under contract in 71 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 15 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 35%, homes sold more slowly (68 days then) and the median sale price held steady to $347,350. Overall, Jerome is less competitive than a year ago, which gives buyers more room.

Within Hillsdale County, homes here sell more slowly than in 78% of the county’s ZIP codes, and sell less often over asking than in 56%. On our competition score, Jerome ranks #482 of 510 MI ZIP codes with enough sales (score 22 out of 100).

Nearby, buyers who want less competition could look at Waldron 49288 (0% sold over asking) or Pittsford 49271 (0% sold over asking), while North Adams 49262 (33% sold over asking) and Litchfield 49252 (29% sold over asking) are even more competitive.