Is Jefferson City, MO 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, Jefferson City has remained a Seller's Market.
Housing Prices in Jefferson City, MO
How much do homes in Jefferson City, MO cost?
Median Sold Price
$215,000
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Jefferson City was $215,000 in March 2024, up 3.7% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | $110K | +15.8% |
2 Bedrooms | $136.7K | $151.2K | +10.6% |
3 Bedrooms | $187.7K | $225K | +19.9% |
4 Bedrooms | $252.5K | $235K | -6.9% |
5+ Bedrooms | $290K | $440K | +51.7% |
Summary: Jefferson City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.8%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 19.9%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 51.7%.
Median Sold Price Compared To Nearby Cities
Jefferson City | $207.2K | $215K | +3.7% |
Jefferson Township | $206.5K | $209.5K | +1.5% |
Summit Township | $280K | $275K | -1.8% |
Housing Supply in Jefferson City, MO
How many homes are available in Jefferson City, MO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 35 | +25.0% |
Summary: The Jefferson City real estate market had 35 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 11 | 12 | +9.1% |
4 Bedrooms | 7 | 12 | +71.4% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Jefferson City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 12 | +50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Jefferson City in March 2024, up by 50.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.
Days on Market for Jefferson City, MO
How long does it take to sell a home in Jefferson City, MO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
25 Days | 49 Days | +93.2% |
Summary: Homes in Jefferson City had an average of 49 days on market in Mar 2024, up by 93.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in Jefferson City; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.