Is West Jefferson, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Jefferson is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in West Jefferson, NC

How much do homes in West Jefferson, NC cost?

Median Sold Price

$425,000

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$65,000(+18.1%)

Key Takeaway

Homes in West Jefferson have sold for 18.1% more than they did a year ago.

Summary: The median home sold price in West Jefferson was $425,000 in November 2024, up 18.1% from last year, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $273.5K$315K
+15.2%
2 $345K$362.5K
+5.1%
3 $411.2K$433.2K
+5.3%
4 $402.5K$561.2K
+39.4%
5+ -$565K
N/A

Summary: West Jefferson housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.2%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 39.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

West Jefferson Township
+19.7%
West Jefferson
+18.1%

Housing Supply in West Jefferson, NC

How many homes are available in West Jefferson, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2117-19.0%

Summary: The West Jefferson real estate market had 17 homes for sale in November 2024, a 19.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 97
-22.2%
4 55
0.0%
5+ 22
0.0%

Summary: The West Jefferson 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 decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Jefferson, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in West Jefferson in November 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.

Days on Market for West Jefferson, NC

How long does it take to sell a home in West Jefferson, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
8 Days76 Days+799.2%

Summary: Homes in West Jefferson had an average of 76 days on market in Nov 2024, up by 799.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 7 homes were sold in West Jefferson; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% 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 21 Days Ago

Newest Listings in West Jefferson, NC

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