Is South Jefferson, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Jefferson is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, South Jefferson has remained a Seller's Market.

Key Takeaway

South Jefferson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in South Jefferson, CO

How much do homes in South Jefferson, CO cost?

Median Sold Price

$950,000

$353/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$46,666(+5.2%)

Key Takeaway

Homes in South Jefferson have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in South Jefferson was $950,000 in March 2024, up 5.2% from last year, and the median price per square foot was $353.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $405K$349K
-13.8%
2 $507K$589.5K
+16.3%
3 $787.5K$776.1K
-1.4%
4 $1.0M$1.1M
+7.3%
5+ $1.4M$1.5M
+7.0%

Summary: South Jefferson housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.8%, 2 bedroom homes increased by 16.3%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 7%.

Median Sold Price Compared To Nearby Cities

Pine
+12.6%
South Jefferson
+5.2%
Conifer
0.5%
Sedalia
-0.9%

Housing Supply in South Jefferson, CO

How many homes are available in South Jefferson, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
188201+6.9%

Summary: The South Jefferson real estate market had 201 homes for sale in March 2024, a 6.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 33
0.0%
2 2228
+27.3%
3 4547
+4.4%
4 6768
+1.5%
5+ 5155
+7.8%

Summary: The South Jefferson housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 7.8%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3445+32.4%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Jefferson, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.

Summary: A total of 45 homes were sold or pending in South Jefferson in March 2024, up by 32.4% month-over-month. Of the 45 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% were sold over asking.

Days on Market for South Jefferson, CO

How long does it take to sell a home in South Jefferson, CO?

Average Sale Time

Mar 2023Mar 2024CHANGE
53 Days52 Days-1.7%

Summary: Homes in South Jefferson had an average of 52 days on market in Mar 2024, down by 1.7% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in South Jefferson are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 45 homes were sold in South Jefferson; 62% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in South Jefferson, CO

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