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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jamestown is a 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, VA

How much do homes in Jamestown, VA cost?

Median Sold Price

$515,000

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$109,750(+27.1%)

Key Takeaway

Homes in Jamestown have sold for 27.1% more than they did a year ago.

Summary: The median home sold price in Jamestown was $515,000 in October 2024, up 27.1% from last year, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$285K
N/A
2 $293.3K$237.5K
-19.0%
3 $382.5K$453K
+18.4%
4 $490K$552K
+12.7%
5+ $762.1K$687K
-9.9%

Summary: Jamestown 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 decreased by 19%, 3 bedroom homes increased by 18.4%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes decreased by 9.9%.

Median Sold Price Compared To Nearby Cities

Jamestown
+27.1%
Berkeley
+18.3%
Williamsburg
+10.8%
Williamsburg
+10.7%

Housing Supply in Jamestown, VA

How many homes are available in Jamestown, VA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7483+12.2%

Summary: The Jamestown real estate market had 83 homes for sale in October 2024, a 12.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 87
-12.5%
3 3234
+6.3%
4 2027
+35.0%
5+ 1313
0.0%

Summary: The Jamestown 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 decreased by 12.5%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 35%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1220+66.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jamestown, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 20 homes were sold or pending in Jamestown in October 2024, up by 66.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.

Days on Market for Jamestown, VA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days15 Days-36.5%

Summary: Homes in Jamestown had an average of 15 days on market in Oct 2024, down by 36.5% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 20 homes were sold in Jamestown; 70% of homes were sold within 30 days, 30% 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 16 Days Ago

Newest Listings in Jamestown, VA

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