Is Jefferson County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Jefferson County was a Seller's Market.
Housing Prices in Jefferson County, NY
How much do homes in Jefferson County, NY cost?
Median Sold Price
$209,816
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Jefferson County was $209,816 in May 2024, up 5% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $155K | +29.2% |
2 Bedrooms | $146.6K | $174K | +18.7% |
3 Bedrooms | $196.3K | $206K | +4.9% |
4 Bedrooms | $226.4K | $234.5K | +3.6% |
5+ Bedrooms | $277K | $212K | -23.5% |
Summary: Jefferson County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.2%, 2 bedroom homes increased by 18.7%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 23.5%.
Median Sold Price Compared To Nearby Counties
Oswego County | $160K | $174.5K | +9.1% |
Jefferson County | $199.7K | $209.8K | +5.0% |
Lewis County | $171.8K | $163.7K | -4.7% |
Housing Supply in Jefferson County, NY
How many homes are available in Jefferson County, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
463 | 543 | +17.3% |
Summary: The Jefferson County real estate market had 543 homes for sale in May 2024, a 17.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 9 | +50.0% |
2 Bedrooms | 50 | 64 | +28.0% |
3 Bedrooms | 179 | 217 | +21.2% |
4 Bedrooms | 145 | 163 | +12.4% |
5+ Bedrooms | 83 | 90 | +8.4% |
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 50%, 2 bedroom homes increased by 28%, 3 bedroom homes increased by 21.2%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 8.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
61 | 85 | +39.3% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Summary: A total of 85 homes were sold or pending in Jefferson County in May 2024, up by 39.3% month-over-month. Of the 85 sold homes, 46% were sold under asking, 16% were sold at asking, and 38% were sold over asking.
Days on Market for Jefferson County, NY
How long does it take to sell a home in Jefferson County, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
36 Days | 35 Days | -1.9% |
Summary: Homes in Jefferson County had an average of 35 days on market in May 2024, down by 1.9% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During May 2024, 85 homes were sold in Jefferson County; 73% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.