Is Jefferson County, LA 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, 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, LA
How much do homes in Jefferson County, LA cost?
Median Sold Price
$255,144
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Jefferson County have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Jefferson County was $255,144 in May 2024, down 1.9% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $108.5K | $95K | -12.4% |
| 2 Bedrooms | $160K | $160K | 0.0% |
| 3 Bedrooms | $249.9K | $245.6K | -1.7% |
| 4 Bedrooms | $324.9K | $324.9K | 0% |
| 5+ Bedrooms | $440K | $447K | +1.6% |
Summary: Jefferson County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.4%, 2 bedroom homes did not change, 3 bedroom homes decreased by 1.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Counties
| Saint Charles County | $250K | $271.5K | +8.6% |
| Plaquemines County | $367.6K | $363K | -1.3% |
| Jefferson County | $259.9K | $255.1K | -1.9% |
| Orleans County | $344.1K | $335.4K | -2.5% |
Housing Supply in Jefferson County, LA
How many homes are available in Jefferson County, LA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,719 | 1,816 | +5.6% |
Summary: The Jefferson County real estate market had 1,816 homes for sale in May 2024, a 5.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 48 | 50 | +4.2% |
| 2 Bedrooms | 168 | 171 | +1.8% |
| 3 Bedrooms | 819 | 865 | +5.6% |
| 4 Bedrooms | 484 | 500 | +3.3% |
| 5+ Bedrooms | 200 | 230 | +15.0% |
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 4.2%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 334 | 307 | -8.1% |
Asking Price vs. Sold Price
193 Homes Were Sold
Under Asking
81 Homes Were Sold
At Asking
33 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. 62.9% of homes here sold below asking price last month.
Summary: A total of 307 homes were sold or pending in Jefferson County in May 2024, down by 8.1% month-over-month. Of the 307 sold homes, 63% were sold under asking, 26% were sold at asking, and 11% were sold over asking.
Days on Market for Jefferson County, LA
How long does it take to sell a home in Jefferson County, LA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 53 Days | +27.5% |
Summary: Homes in Jefferson County had an average of 53 days on market in May 2024, up by 27.5% compared to last year.
Breakdown of Home Sale Times
155 Homes Were Sold
Under 30 Days
87 Homes Were Sold
In 30 - 90 Days
64 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jefferson County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 307 homes were sold in Jefferson County; 50% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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