Is Jefferson County, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Jefferson County has remained a Seller's Market.
Key Takeaway
Jefferson County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jefferson County, AR
How much do homes in Jefferson County, AR cost?
Median Sold Price
$128,000
$85/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Jefferson County have sold for 6.2% less than they did a month ago.
Summary: The median home sold price in Jefferson County was $128,000 in May 2024, down 6.2% from last month, and the median price per square foot was $85.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $45K | $83.2K | +85.0% |
| 3 Bedrooms | $136.5K | $130K | -4.8% |
| 4 Bedrooms | $185K | $170K | -8.1% |
| 5+ Bedrooms | - | $107K | N/A |
Summary: Jefferson County housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 85%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Cleveland County | $64.5K | $137.5K | +113.2% |
| Grant County | $219.9K | $260K | +18.2% |
| Jefferson County | $136.5K | $128K | -6.2% |
| Lincoln County | $106K | $90K | -15.1% |
| Arkansas County | $124.2K | $62K | -50.1% |
Housing Supply in Jefferson County, AR
How many homes are available in Jefferson County, AR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 197 | 214 | +8.6% |
Summary: The Jefferson County real estate market had 214 homes for sale in May 2024, a 8.6% 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 | 38 | 36 | -5.3% |
| 3 Bedrooms | 115 | 124 | +7.8% |
| 4 Bedrooms | 38 | 42 | +10.5% |
| 5+ Bedrooms | 5 | 10 | +100.0% |
Summary: The Jefferson County 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 decreased by 5.3%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 41 | +10.8% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jefferson County, you may be able to get a good deal. 56.8% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in Jefferson County in May 2024, up by 10.8% month-over-month. Of the 37 sold homes, 57% were sold under asking, 32% were sold at asking, and 11% were sold over asking.
Days on Market for Jefferson County, AR
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.