Is Jamestown, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Jamestown has remained a Buyer's Market.
Housing Prices in Jamestown, VA
How much do homes in Jamestown, VA cost?
Median Sold Price
$465,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Jamestown was $465,000 in May 2024, up 26.2% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $285K | N/A |
2 Bedrooms | $222K | $310K | +39.6% |
3 Bedrooms | $307.5K | $441.5K | +43.6% |
4 Bedrooms | $520K | $490K | -5.8% |
5+ Bedrooms | $595K | $749.9K | +26.0% |
Summary: Jamestown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 39.6%, 3 bedroom homes increased by 43.6%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 26%.
Median Sold Price Compared To Nearby Cities
Jamestown | $368.5K | $465K | +26.2% |
Williamsburg | $457K | $475K | +3.9% |
Williamsburg | $457.8K | $475K | +3.7% |
Berkeley | $500K | $503.7K | +0.8% |
Roberts | $510.2K | $485K | -5.0% |
Housing Supply in Jamestown, VA
How many homes are available in Jamestown, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
49 | 53 | +8.2% |
Summary: The Jamestown real estate market had 53 homes for sale in May 2024, a 8.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 6 | 9 | +50.0% |
3 Bedrooms | 16 | 15 | -6.3% |
4 Bedrooms | 17 | 16 | -5.9% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Jamestown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 7 | -63.2% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Jamestown in May 2024, down by 63.2% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Jamestown, VA
How long does it take to sell a home in Jamestown, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
2 Days | 23 Days | +910.2% |
Summary: Homes in Jamestown had an average of 23 days on market in May 2024, up by 910.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Jamestown; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.