Is South Jefferson, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, South Jefferson has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $405K | $349K | -13.8% |
2 Bedrooms | $507K | $589.5K | +16.3% |
3 Bedrooms | $787.5K | $776.1K | -1.4% |
4 Bedrooms | $1.0M | $1.1M | +7.3% |
5+ Bedrooms | $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%.
Housing Supply in South Jefferson, CO
How many homes are available in South Jefferson, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
188 | 201 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 22 | 28 | +27.3% |
3 Bedrooms | 45 | 47 | +4.4% |
4 Bedrooms | 67 | 68 | +1.5% |
5+ Bedrooms | 51 | 55 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 45 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 52 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
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.