$2,374 Closing Credit*
$199,900
1,740 SqFt
2 Beds
•1 Full Bath
Heather Shea-Canaley, Listing Office: ERA Team VP Real Estate
Is Jamestown, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Jamestown has remained a Seller's Market.
Key Takeaway
Jamestown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jamestown, NY
How much do homes in Jamestown, NY cost?
Median Sold Price
$99,933
$62/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$4,533(+4.8%)
Key Takeaway
Homes in Jamestown have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Jamestown was $99,933 in October 2024, up 4.8% from last year, and the median price per square foot was $62.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | $139.4K | +11.6% |
| 2 Bedrooms | $93.5K | $105K | +12.3% |
| 3 Bedrooms | $96.5K | $120K | +24.4% |
| 4 Bedrooms | $92K | $87.5K | -4.9% |
| 5+ Bedrooms | $90K | $88.7K | -1.4% |
Summary: Jamestown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.6%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 24.4%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 1.4%.
Housing Supply in Jamestown, NY
How many homes are available in Jamestown, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 178 | 167 | -6.2% |
Summary: The Jamestown real estate market had 167 homes for sale in October 2024, a 6.2% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 32 | 21 | -34.4% |
| 3 Bedrooms | 73 | 74 | +1.4% |
| 4 Bedrooms | 42 | 38 | -9.5% |
| 5+ Bedrooms | 29 | 32 | +10.3% |
Summary: The Jamestown 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 decreased by 34.4%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 10.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 33 | +3.1% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jamestown, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Jamestown in October 2024, up by 3.1% month-over-month. Of the 33 sold homes, 55% were sold under asking, 9% were sold at asking, and 36% were sold over asking.
Days on Market for Jamestown, NY
How long does it take to sell a home in Jamestown, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 40 Days | +156.6% |
Summary: Homes in Jamestown had an average of 40 days on market in Oct 2024, up by 156.6% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jamestown are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 33 homes were sold in Jamestown; 73% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
