Is Jefferson City, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jefferson City is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Jefferson City has remained a Seller's Market.

Key Takeaway

Jefferson City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Jefferson City, MO

How much do homes in Jefferson City, MO cost?

Median Sold Price

$250,000

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$45,000(+22.0%)

Key Takeaway

Homes in Jefferson City have sold for 22% more than they did a year ago.

Summary: The median home sold price in Jefferson City was $250,000 in November 2024, up 22% from last year, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $110K$116K
+5.5%
2 $157.5K$155K
-1.6%
3 $211.7K$238K
+12.4%
4 $238.8K$300K
+25.6%
5+ $352.2K$379K
+7.6%

Summary: Jefferson City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 25.6%, and 5+ bedroom homes increased by 7.6%.

Median Sold Price Compared To Nearby Cities

Jefferson Township
+24.4%
Jefferson City
+22.0%
Summit Township
+5.5%

Housing Supply in Jefferson City, MO

How many homes are available in Jefferson City, MO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5654-3.6%

Summary: The Jefferson City real estate market had 54 homes for sale in November 2024, a 3.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 53
-40.0%
3 2021
+5.0%
4 1515
0.0%
5+ 1413
-7.1%

Summary: The Jefferson City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 7.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1012+20.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jefferson City, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Jefferson City in November 2024, up by 20.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 8% were sold at asking, and 17% were sold over asking.

Days on Market for Jefferson City, MO

How long does it take to sell a home in Jefferson City, MO?

Average Sale Time

Nov 2023Nov 2024CHANGE
26 Days21 Days-17.6%

Summary: Homes in Jefferson City had an average of 21 days on market in Nov 2024, down by 17.6% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Jefferson City are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 12 homes were sold in Jefferson City; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Jefferson City, MO

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