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 neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Jefferson City was a Seller's Market.

Key Takeaway

Jefferson City is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Jefferson City, MO

How much do homes in Jefferson City, MO cost?

Median Sold Price

$250,000

$126/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$45,500(+22.2%)

Key Takeaway

Homes in Jefferson City have sold for 22.2% more than they did a year ago.

Summary: The median home sold price in Jefferson City was $250,000 in October 2024, up 22.2% from last year, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $110K$116K
+5.5%
2 $145K$155K
+6.9%
3 $204K$243.5K
+19.4%
4 $228.8K$302.5K
+32.2%
5+ $352.2K$333K
-5.5%

Summary: Jefferson City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 32.2%, and 5+ bedroom homes decreased by 5.5%.

Median Sold Price Compared To Nearby Cities

Jefferson Township
+25.0%
Jefferson City
+22.2%
Summit Township
+4.3%

Housing Supply in Jefferson City, MO

How many homes are available in Jefferson City, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5163+23.5%

Summary: The Jefferson City real estate market had 63 homes for sale in October 2024, a 23.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 56
+20.0%
3 2524
-4.0%
4 916
+77.8%
5+ 1115
+36.4%

Summary: The Jefferson City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 77.8%, and 5+ bedroom homes increased by 36.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1310-23.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 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. 40% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Jefferson City in October 2024, down by 23.1% month-over-month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% 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

Oct 2023Oct 2024CHANGE
32 Days13 Days-60.0%

Summary: Homes in Jefferson City had an average of 13 days on market in Oct 2024, down by 60% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were 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 October 2024, 10 homes were sold in Jefferson City; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% 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

Nearby Markets to Jefferson City, MO

What housing markets are near Jefferson City, MO?