Is Jefferson County, WV 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.
Housing Prices in Jefferson County, WV
How much do homes in Jefferson County, WV cost?
Median Sold Price
$371,324
$175/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 $371,324 in May 2024, up 3.4% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | $152.5K | -7.6% |
2 Bedrooms | $217K | $260K | +19.8% |
3 Bedrooms | $316.6K | $325K | +2.6% |
4 Bedrooms | $447.4K | $454.9K | +1.7% |
5+ Bedrooms | $495K | $520K | +5.1% |
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 7.6%, 2 bedroom homes increased by 19.8%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Counties
Washington County | $282.5K | $310K | +9.7% |
Loudoun County | $667.2K | $702.7K | +5.3% |
Berkeley County | $280.5K | $294.6K | +5.0% |
Jefferson County | $359.2K | $371.3K | +3.4% |
Housing Supply in Jefferson County, WV
How many homes are available in Jefferson County, WV?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
289 | 295 | +2.1% |
Summary: The Jefferson County real estate market had 295 homes for sale in May 2024, a 2.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 20 | 22 | +10.0% |
3 Bedrooms | 126 | 126 | 0.0% |
4 Bedrooms | 122 | 120 | -1.6% |
5+ Bedrooms | 18 | 24 | +33.3% |
Summary: The Jefferson County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
66 | 65 | -1.5% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 65 homes were sold or pending in Jefferson County in May 2024, down by 1.5% month-over-month. Of the 65 sold homes, 32% were sold under asking, 26% were sold at asking, and 42% were sold over asking.
Days on Market for Jefferson County, WV
How long does it take to sell a home in Jefferson County, WV?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 28 Days | +14.8% |
Summary: Homes in Jefferson County had an average of 28 days on market in May 2024, up by 14.8% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 65 homes were sold in Jefferson County; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.