Is Jefferson County, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jefferson County is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Jefferson County was a Seller's Market.

Key Takeaway

Jefferson County 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 County, PA

How much do homes in Jefferson County, PA cost?

Median Sold Price

$250,000

$106/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$136,030(+119.4%)

Key Takeaway

Homes in Jefferson County have sold for 119.4% more than they did a month ago.

Summary: The median home sold price in Jefferson County was $250,000 in October 2024, up 119.4% from last month, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $75.5K$255K
+237.7%
3 $182.4K$175K
-4.1%
4 $78K$209K
+167.9%
5+ --
N/A

Summary: Jefferson County housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 237.7%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 167.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Jefferson County
+119.4%
Clarion County
+13.4%

Housing Supply in Jefferson County, PA

How many homes are available in Jefferson County, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3732-13.5%

Summary: The Jefferson County real estate market had 32 homes for sale in October 2024, a 13.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 89
+12.5%
3 1612
-25.0%
4 85
-37.5%
5+ 55
0.0%

Summary: The Jefferson County 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 12.5%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jefferson County, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Jefferson County in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Jefferson County, PA

How long does it take to sell a home in Jefferson County, PA?

Average Sale Time

Sep 2024Oct 2024CHANGE
60 Days105 Days+73.5%

Summary: Homes in Jefferson County had an average of 105 days on market in Oct 2024, up by 73.5% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 5 homes were sold in Jefferson County; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% 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 Jefferson County, PA

Nearby Markets to Jefferson County, PA

What housing markets are near Jefferson County, PA?