Is Jamaica, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jamaica is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Jamaica was a Neutral Market.

Key Takeaway

Jamaica is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Jamaica, VA

How much do homes in Jamaica, VA cost?

Median Sold Price

$268,000

$234/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$24,556(-8.4%)

Key Takeaway

Homes in Jamaica have sold for 8.4% less than they did a month ago.

Summary: The median home sold price in Jamaica was $268,000 in November 2024, down 8.4% from last month, and the median price per square foot was $234.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $364K$268K
-26.4%
4 $221.1K-
N/A
5+ --
N/A

Summary: Jamaica housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 26.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Jamaica, VA

How many homes are available in Jamaica, VA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1316+23.1%

Summary: The Jamaica real estate market had 16 homes for sale in November 2024, a 23.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 02
+100.0%
3 810
+25.0%
4 32
-33.3%
5+ 22
0.0%

Summary: The Jamaica 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 increased by 100%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jamaica, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Jamaica in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Jamaica, VA

How long does it take to sell a home in Jamaica, VA?

Average Sale Time

Oct 2024Nov 2024CHANGE
98 Days77 Days-21.8%

Summary: Homes in Jamaica had an average of 77 days on market in Nov 2024, down by 21.8% compared to last month.

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in Jamaica has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Jamaica; 0% of homes were sold within 30 days, 100% 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 21 Days Ago

Newest Listings in Jamaica, VA

Nearby Markets to Jamaica, VA

What housing markets are near Jamaica, VA?