Jackson Real Estate Market Sees $1.6 Million Home Sale Surge

A luxurious residence at 2 Rodeo Drive in Jackson has set the bar for residential real estate sales in the area, selling for $1.555 million. This transaction highlights a robust market trend, as a total of 30 residential properties changed hands in Jackson between November 10 and November 23, 2023. The average sale price during this period stood at $698,696, translating to approximately $343 per square foot.

The home at 2 Rodeo Drive, built in 2002, boasts a spacious living area of 3,849 square feet, featuring 5 bedrooms and 4 bathrooms. The deal was finalized on October 30, marking it as the most expensive residential sale in the area for this reporting period.

Notable Sales in the Jackson Area

Following closely behind is a property at 1 Calendula Court, which sold for $1.25 million. This home, completed in 2005, offers 3,081 square feet of living space, including 4 bedrooms and 3 bathrooms. This sale was finalized on October 29, further underscoring the high demand for real estate in Jackson.

Other notable transactions include a sale at 9 Tracy Place, which went for $999,000 and features 4 bedrooms across 2,506 square feet. This property, built in 1989, was finalized on October 27. The increasing prices reflect a competitive market, even for homes built several decades ago.

The list continues with a $975,000 sale at 412 Whitesville Road, finalized on October 29. This home, built in 1922, has a living area of 1,636 square feet and includes 3 bedrooms and 1 bathroom.

Increasing Trends and Market Insights

The Jackson area is experiencing heightened activity in the real estate market, with homes selling quickly and at rising prices. The average price per square foot indicates a healthy demand, with homes being sold for amounts well above the national average in many regions.

Transactions recorded during this two-week period have revealed a mix of older homes and newer constructions, showcasing the variety available to buyers. The complete list of properties sold includes houses ranging from $650,000 to the top sale at $1.6 million, demonstrating the diverse offerings in the Jackson real estate landscape.

With these figures, the Jackson market is poised for continued growth as buyers seek properties in this desirable location. The influx of high-value sales may attract further interest from investors and homeowners alike, reflecting a positive outlook for the Jackson area as a prime residential destination.