$6,294 Closing Credit*
$530,000
2,100 SqFt
3 Beds
•2 Full Baths, 1 Partial
Irina Moldavskaya, Listing Office: Ted Counts Realty & Auction
Is Jefferson, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$420,000
$175/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
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 $420,000 in November 2024, the same as last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162.4K | $169.9K | +4.6% |
| 2 Bedrooms | $250K | $250K | 0.0% |
| 3 Bedrooms | $365K | $389K | +6.6% |
| 4 Bedrooms | $499.9K | $499.9K | 0.0% |
| 5+ Bedrooms | $615K | $610K | -0.8% |
Summary: Jefferson housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes did not change, 3 bedroom homes increased by 6.6%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 0.8%.
Housing Supply in Jefferson, VA
How many homes are available in Jefferson, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 137 | 124 | -9.5% |
Summary: The Jefferson real estate market had 124 homes for sale in November 2024, a 9.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 13 | 11 | -15.4% |
| 3 Bedrooms | 43 | 41 | -4.7% |
| 4 Bedrooms | 62 | 52 | -16.1% |
| 5+ Bedrooms | 18 | 19 | +5.6% |
Summary: The Jefferson 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 decreased by 15.4%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 32 | -5.9% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jefferson, you may be able to get a good deal. 40.6% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Jefferson in November 2024, down by 5.9% month-over-month. Of the 32 sold homes, 41% were sold under asking, 25% were sold at asking, and 34% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 62 Days | 33 Days | -46.4% |
Summary: Homes in Jefferson had an average of 33 days on market in Nov 2024, down by 46.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jefferson are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 32 homes were sold in Jefferson; 56% of homes were sold within 30 days, 38% 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. 
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