$2,078 Closing Credit*
$175,000
1,312 SqFt
3 Beds
•2 Full Baths, 1 Partial
Daniel Keeton, Listing Office: Keeton & Co Real Estate
Is Jefferson, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Jefferson has remained a Seller's Market.
Key Takeaway
Jefferson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jefferson, VA
How much do homes in Jefferson, VA cost?
Median Sold Price
$419,150
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$1,850(-0.4%)
Key Takeaway
The sold price of homes in Jefferson has remained the same since last year.
Summary: The median home sold price in Jefferson was $419,150 in December 2024, down 0.4% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162.4K | $169.9K | +4.6% |
| 2 Bedrooms | $248.5K | $253K | +1.8% |
| 3 Bedrooms | $365K | $389K | +6.6% |
| 4 Bedrooms | $499.9K | $499.9K | 0.0% |
| 5+ Bedrooms | $615K | $649.9K | +5.7% |
Summary: Jefferson housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 6.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 5.7%.
Housing Supply in Jefferson, VA
How many homes are available in Jefferson, VA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 126 | 95 | -24.6% |
Summary: The Jefferson real estate market had 95 homes for sale in December 2024, a 24.6% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 9 | -25.0% |
| 3 Bedrooms | 42 | 28 | -33.3% |
| 4 Bedrooms | 53 | 38 | -28.3% |
| 5+ Bedrooms | 19 | 20 | +5.3% |
Summary: The Jefferson housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 28.3%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 38 | 16 | -57.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jefferson, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Jefferson in December 2024, down by 57.9% month-over-month. Of the 16 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% were sold over asking.
Days on Market for Jefferson, VA
How long does it take to sell a home in Jefferson, VA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 35 Days | 27 Days | -24.4% |
Summary: Homes in Jefferson had an average of 27 days on market in Dec 2024, down by 24.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Jefferson are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 16 homes were sold in Jefferson; 69% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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.