Is Jefferson County, NY 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 County has remained a Seller's Market.
Key Takeaway
Jefferson County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jefferson County, NY
How much do homes in Jefferson County, NY cost?
Median Sold Price
$202,000
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Jefferson County have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Jefferson County was $202,000 in March 2024, up 0.9% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $148.5K | +23.8% |
| 2 Bedrooms | $146.2K | $160K | +9.4% |
| 3 Bedrooms | $194.5K | $201.7K | +3.7% |
| 4 Bedrooms | $226.4K | $230.9K | +2.0% |
| 5+ Bedrooms | $296K | $206.3K | -30.3% |
Summary: Jefferson County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.8%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 30.3%.
Median Sold Price Compared To Nearby Counties
| Oswego County | $158.3K | $170K | +7.3% |
| Jefferson County | $200.2K | $202K | +0.9% |
| Lewis County | $170K | $170.9K | 0.5% |
Housing Supply in Jefferson County, NY
How many homes are available in Jefferson County, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 419 | 460 | +9.8% |
Summary: The Jefferson County real estate market had 460 homes for sale in March 2024, a 9.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 50 | 56 | +12.0% |
| 3 Bedrooms | 168 | 183 | +8.9% |
| 4 Bedrooms | 116 | 135 | +16.4% |
| 5+ Bedrooms | 81 | 83 | +2.5% |
Summary: The Jefferson County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 2.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 64 | 77 | +20.3% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jefferson County, you may be able to get a good deal. 55.8% of homes here sold below asking price last month.
Summary: A total of 77 homes were sold or pending in Jefferson County in March 2024, up by 20.3% month-over-month. Of the 77 sold homes, 56% were sold under asking, 21% were sold at asking, and 23% were sold over asking.
Days on Market for Jefferson County, NY
How long does it take to sell a home in Jefferson County, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 56 Days | 48 Days | -15.1% |
Summary: Homes in Jefferson County had an average of 48 days on market in Mar 2024, down by 15.1% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jefferson County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 77 homes were sold in Jefferson County; 56% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
