$3,859 Closing Credit*
$324,999
2,300 SqFt
3 Beds
•2 Full Baths
#9973669, Alicia Patrick, Listing Office: KW Bristol
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
$263,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$7,000(-2.6%)
Key Takeaway
Homes in Jefferson have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Jefferson was $263,000 in October 2024, down 2.6% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | - | N/A |
| 2 Bedrooms | $201.2K | $225K | +11.8% |
| 3 Bedrooms | $275K | $261.5K | -4.9% |
| 4 Bedrooms | $374.5K | $280K | -25.2% |
| 5+ Bedrooms | $312.3K | $363.5K | +16.4% |
Summary: Jefferson housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.8%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 25.2%, and 5+ bedroom homes increased by 16.4%.
Housing Supply in Jefferson, VA
How many homes are available in Jefferson, VA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Summary: The Jefferson real estate market had 17 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Jefferson housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Jefferson in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 93 Days | 54 Days | -41.4% |
Summary: Homes in Jefferson had an average of 54 days on market in Oct 2024, down by 41.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was 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 October 2024, 3 homes were sold in Jefferson; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
