$6,828 Closing Credit*
$575,000
3,280 SqFt
4 Beds
•3 Full Baths
Ruben Gomez, Listing Office: Spring Hill Real Estate, LLC.
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
At the same time last year, Jefferson was a Seller's Market.
Key Takeaway
Jefferson is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Jefferson, VA
How much do homes in Jefferson, VA cost?
Median Sold Price
$609,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,000(+2.4%)
Key Takeaway
Homes in Jefferson have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Jefferson was $609,000 in November 2024, up 2.4% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $210K | $302.6K | +44.1% |
| 3 Bedrooms | $500K | $517K | +3.4% |
| 4 Bedrooms | $625K | $641K | +2.6% |
| 5+ Bedrooms | $631.2K | $704.9K | +11.7% |
Summary: Jefferson housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 44.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 11.7%.
Median Sold Price Compared To Nearby Cities
| Catalpa | $435K | $507.4K | +16.7% |
| Jefferson | $595K | $609K | +2.4% |
Housing Supply in Jefferson, VA
How many homes are available in Jefferson, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 40 | +8.1% |
Summary: The Jefferson real estate market had 40 homes for sale in November 2024, a 8.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 11 | 12 | +9.1% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
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 remained the same, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 4 | -71.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jefferson, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Jefferson in November 2024, down by 71.4% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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 |
|---|---|---|
| 28 Days | 47 Days | +69.4% |
Summary: Homes in Jefferson had an average of 47 days on market in Nov 2024, up by 69.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Jefferson has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Jefferson; 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.
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