$3,859 Closing Credit*
$325,000
1,182 SqFt
2 Beds
•2 Full Baths
Constance Elizabeth Ide, Listing Office: Coldwell Banker Realty
Is Jefferson, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$688,687
$405/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,798(+4.7%)
Key Takeaway
Homes in Jefferson have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in Jefferson was $688,687 in October 2024, up 4.7% from last year, and the median price per square foot was $405.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $310K | +10.7% |
| 2 Bedrooms | $419K | $435K | +3.8% |
| 3 Bedrooms | $675K | $750K | +11.1% |
| 4 Bedrooms | $795K | $862.5K | +8.5% |
| 5+ Bedrooms | $1.0M | $1.2M | +19.6% |
Summary: Jefferson housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 19.6%.
Housing Supply in Jefferson, VA
How many homes are available in Jefferson, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 137 | 153 | +11.7% |
Summary: The Jefferson real estate market had 153 homes for sale in October 2024, a 11.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 21 | -4.5% |
| 2 Bedrooms | 25 | 35 | +40.0% |
| 3 Bedrooms | 45 | 42 | -6.7% |
| 4 Bedrooms | 27 | 29 | +7.4% |
| 5+ Bedrooms | 18 | 26 | +44.4% |
Summary: The Jefferson housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.5%, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 42 | -8.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jefferson, you could pay more than the asking price. 45.2% of homes here sold above asking price last month.
Summary: A total of 42 homes were sold or pending in Jefferson in October 2024, down by 8.7% month-over-month. Of the 42 sold homes, 38% were sold under asking, 17% were sold at asking, and 45% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 14 Days | -14.1% |
Summary: Homes in Jefferson had an average of 14 days on market in Oct 2024, down by 14.1% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 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 October 2024, 42 homes were sold in Jefferson; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
