Is Jefferson Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jefferson Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Jefferson Township, NC

How much do homes in Jefferson Township, NC cost?

Median Sold Price

$270,000

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$3,000(+1.1%)

Key Takeaway

Homes in Jefferson Township have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in Jefferson Township was $270,000 in May 2024, up 1.1% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$86K
N/A
2 $172.5K$200K
+15.9%
3 $245K$270K
+10.2%
4 $373K$310K
-16.9%
5+ $376K$276.7K
-26.4%

Summary: Jefferson Township 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 15.9%, 3 bedroom homes increased by 10.2%, 4 bedroom homes decreased by 16.9%, and 5+ bedroom homes decreased by 26.4%.

Median Sold Price Compared To Nearby Cities

Gilmer Township
+4.8%
Mc Leansville
+4.3%
Monroe Township
+2.1%
Jefferson Township
+1.1%

Housing Supply in Jefferson Township, NC

How many homes are available in Jefferson Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3531-11.4%

Summary: The Jefferson Township real estate market had 31 homes for sale in May 2024, a 11.4% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 21
-50.0%
3 2219
-13.6%
4 109
-10.0%
5+ 01
+100.0%

Summary: The Jefferson Township 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 decreased by 50%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
119-18.2%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jefferson Township, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Jefferson Township in May 2024, down by 18.2% month-over-month. Of the 9 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.

Days on Market for Jefferson Township, NC

How long does it take to sell a home in Jefferson Township, NC?

Average Sale Time

May 2023May 2024CHANGE
22 Days10 Days-55.3%

Summary: Homes in Jefferson Township had an average of 10 days on market in May 2024, down by 55.3% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 9 homes were sold in Jefferson Township; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% 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 12 Days Ago

Newest Listings in Jefferson Township, NC

Nearby Markets to Jefferson Township, NC

What housing markets are near Jefferson Township, NC?