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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Jefferson Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in West Jefferson Township, NC

How much do homes in West Jefferson Township, NC cost?

Median Sold Price

$427,500

$243/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$67,500(+18.8%)

Key Takeaway

Homes in West Jefferson Township have sold for 18.8% more than they did a year ago.

Summary: The median home sold price in West Jefferson Township was $427,500 in October 2024, up 18.8% from last year, and the median price per square foot was $243.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $273.5K$315K
+15.2%
2 $345K$362.5K
+5.1%
3 $393.7K$473K
+20.1%
4 $402.5K$425K
+5.6%
5+ -$725K
N/A

Summary: West Jefferson Township housing prices by bedroom type for October 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 20.1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

West Jefferson Township
+18.8%
West Jefferson
+17.1%

Housing Supply in West Jefferson Township, NC

How many homes are available in West Jefferson Township, NC?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1520+33.3%

Summary: The West Jefferson Township real estate market had 20 homes for sale in October 2024, a 33.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 610
+66.7%
4 34
+33.3%
5+ 22
0.0%

Summary: The West Jefferson Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

2 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 Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in West Jefferson Township in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for West Jefferson Township, NC

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

Average Sale Time

Oct 2023Oct 2024CHANGE
62 Days12 Days-80.7%

Summary: Homes in West Jefferson Township had an average of 12 days on market in Oct 2024, down by 80.7% compared to last year.

Breakdown of Home Sale Times

3 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 West Jefferson Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in West Jefferson Township; 75% of homes were sold within 30 days, 25% 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 20 Days Ago

Newest Listings in West Jefferson Township, NC

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