$2,078 Closing Credit*
$175,000
1,056 SqFt
3 Beds
•2 Full Baths
Listing Office: HIGHLANDS REALTY & ASSOCIATES LLC
Is Jackson River, VA 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, Jackson River has remained a Seller's Market.
Key Takeaway
Jackson River is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jackson River, VA
How much do homes in Jackson River, VA cost?
Median Sold Price
$197,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,630(+6.9%)
Key Takeaway
Homes in Jackson River have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Jackson River was $197,000 in October 2024, up 6.9% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $89.2K | $147.2K | +65.0% |
| 3 Bedrooms | $172K | $170K | -1.2% |
| 4 Bedrooms | $194.6K | $290K | +49.0% |
| 5+ Bedrooms | $355K | - | N/A |
Summary: Jackson River housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 65%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 49%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Jackson River | $184.3K | $197K | +6.9% |
| Covington | $169.7K | $152.4K | -10.2% |
| Covington | $169.7K | $152.4K | -10.2% |
Housing Supply in Jackson River, VA
How many homes are available in Jackson River, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Summary: The Jackson River real estate market had 8 homes for sale in October 2024, a 60.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Jackson River 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 33.3%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Jackson River, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Jackson River in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Jackson River, VA
We’re sorry, we don't have information for this market at the moment
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.