Is Jefferson Township, 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 Township has remained a Seller's Market.
Housing Prices in Jefferson Township, MO
How much do homes in Jefferson Township, MO cost?
Median Sold Price
$400,177
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Jefferson Township was $400,177 in March 2024, up 5.4% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $203K | $137.5K | -32.3% |
2 Bedrooms | $260K | $280.5K | +7.9% |
3 Bedrooms | $370K | $405.5K | +9.6% |
4 Bedrooms | $560K | $631K | +12.7% |
5+ Bedrooms | $825K | $850K | +3.0% |
Summary: Jefferson Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.3%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Cities
Glendale | $447.5K | $555K | +24.0% |
Shrewsbury | $255K | $275K | +7.8% |
Webster Groves | $368K | $390K | +6.0% |
Jefferson Township | $379.8K | $400.1K | +5.4% |
Rock Hill | $285K | $290K | +1.8% |
Housing Supply in Jefferson Township, MO
How many homes are available in Jefferson Township, MO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
86 | 88 | +2.3% |
Summary: The Jefferson Township real estate market had 88 homes for sale in March 2024, a 2.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 25 | 27 | +8.0% |
3 Bedrooms | 31 | 28 | -9.7% |
4 Bedrooms | 18 | 24 | +33.3% |
5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The Jefferson Township 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 8%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 31 | +24.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Jefferson Township in March 2024, up by 24.0% month-over-month. Of the 31 sold homes, 23% were sold under asking, 16% were sold at asking, and 61% were sold over asking.
Days on Market for Jefferson Township, MO
How long does it take to sell a home in Jefferson Township, MO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
11 Days | 21 Days | +87.1% |
Summary: Homes in Jefferson Township had an average of 21 days on market in Mar 2024, up by 87.1% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 31 homes were sold in Jefferson Township; 81% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.