Is Jefferson, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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, MA
How much do homes in Jefferson, MA cost?
Median Sold Price
$407,500
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Jefferson have sold for 7.6% less than they did a year ago.
Summary: The median home sold price in Jefferson was $407,500 in May 2024, down 7.6% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $291K | N/A |
| 2 Bedrooms | $262K | $350K | +33.6% |
| 3 Bedrooms | $473.5K | $430K | -9.2% |
| 4 Bedrooms | $690K | $687.5K | -0.4% |
| 5+ Bedrooms | - | $1.4M | N/A |
Summary: Jefferson housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.6%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Princeton | $500K | $647.4K | +29.5% |
| Rutland | $425K | $487.5K | +14.7% |
| West Boylston | $445K | $510K | +14.6% |
| Holden | $450.5K | $515K | +14.3% |
| Jefferson | $441K | $407.5K | -7.6% |
Housing Supply in Jefferson, MA
How many homes are available in Jefferson, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Summary: The Jefferson real estate market had 5 homes for sale in May 2024, a 50.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 4 | -42.9% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Jefferson housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 42.9%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jefferson, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Jefferson in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Jefferson, MA
How long does it take to sell a home in Jefferson, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 14 Days | -26.5% |
Summary: Homes in Jefferson had an average of 14 days on market in May 2024, down by 26.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 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 May 2024, 3 homes were sold in Jefferson; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
