$5,759 Closing Credit*
$485,000
969 SqFt
2 Beds
•2 Full Baths
Heather Walker, Listing Office: Redfin Corporation
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
$687,333
$405/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$31,558(+4.8%)
Key Takeaway
Homes in Jefferson have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Jefferson was $687,333 in November 2024, up 4.8% from last year, and the median price per square foot was $405.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $287K | $310.1K | +8.0% |
| 2 Bedrooms | $410K | $439K | +7.1% |
| 3 Bedrooms | $685K | $747.5K | +9.1% |
| 4 Bedrooms | $790K | $862.5K | +9.2% |
| 5+ Bedrooms | $995K | $1.2M | +28.6% |
Summary: Jefferson housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 28.6%.
Median Sold Price Compared To Nearby Neighborhoods
| The Cove | $325K | $349.9K | +7.7% |
| Jefferson | $655.7K | $687.3K | +4.8% |
Housing Supply in Jefferson, VA
How many homes are available in Jefferson, VA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 134 | 119 | -11.2% |
Summary: The Jefferson real estate market had 119 homes for sale in November 2024, a 11.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 17 | -10.5% |
| 2 Bedrooms | 31 | 31 | 0.0% |
| 3 Bedrooms | 37 | 28 | -24.3% |
| 4 Bedrooms | 23 | 21 | -8.7% |
| 5+ Bedrooms | 24 | 22 | -8.3% |
Summary: The Jefferson housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10.5%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 24.3%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 39 | -18.8% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 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. 48.7% of homes here sold above asking price last month.
Summary: A total of 39 homes were sold or pending in Jefferson in November 2024, down by 18.8% month-over-month. Of the 39 sold homes, 36% were sold under asking, 15% were sold at asking, and 49% 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 |
|---|---|---|
| 15 Days | 21 Days | +39.9% |
Summary: Homes in Jefferson had an average of 21 days on market in Nov 2024, up by 39.9% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
7 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 November 2024, 39 homes were sold in Jefferson; 79% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
