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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jamaica is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Jamaica was a Seller's Market.

Key Takeaway

Jamaica 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 Jamaica, VA

How much do homes in Jamaica, VA cost?

Median Sold Price

$354,500

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$102,000(+40.4%)

Key Takeaway

Homes in Jamaica have sold for 40.4% more than they did a year ago.

Summary: The median home sold price in Jamaica was $354,500 in October 2024, up 40.4% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$250K
N/A
2 $325K$360K
+10.8%
3 $257K$364K
+41.6%
4 $200K$221.1K
+10.6%
5+ $112K$775K
+592.0%

Summary: Jamaica 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 10.8%, 3 bedroom homes increased by 41.6%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 592%.

Housing Supply in Jamaica, VA

How many homes are available in Jamaica, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1214+16.7%

Summary: The Jamaica real estate market had 14 homes for sale in October 2024, a 16.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 88
0.0%
4 13
+200.0%
5+ 33
0.0%

Summary: The Jamaica 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 remained the same, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

0 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 Jamaica, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Jamaica in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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 2023Oct 2024CHANGE
4 Days98 Days+2362.5%

Summary: Homes in Jamaica had an average of 98 days on market in Oct 2024, up by 2362.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in Jamaica; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 Jamaica, VA

Nearby Markets to Jamaica, VA

What housing markets are near Jamaica, VA?