Is Jack Jouett, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Jack Jouett has remained a Seller's Market.
Key Takeaway
Jack Jouett is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jack Jouett, VA
How much do homes in Jack Jouett, VA cost?
Median Sold Price
$547,668
$245/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Jack Jouett have sold for 6.5% more than they did a month ago.
Summary: The median home sold price in Jack Jouett was $547,668 in April 2024, up 6.5% from last month, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $385K | - | N/A |
| 2 Bedrooms | $575K | $210K | -63.5% |
| 3 Bedrooms | $350K | $547.6K | +56.5% |
| 4 Bedrooms | $1.4M | $600K | -59.1% |
| 5+ Bedrooms | - | $957K | N/A |
Summary: Jack Jouett housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 63.5%, 3 bedroom homes increased by 56.5%, 4 bedroom homes decreased by 59.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Rio | $510K | $609K | +19.4% |
| Jack Jouett | $514.2K | $547.6K | +6.5% |
| Charlottesville | $545K | $562.7K | +3.3% |
| White Hall | $555K | $550K | -0.9% |
Housing Supply in Jack Jouett, VA
How many homes are available in Jack Jouett, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 41 | +2.5% |
Summary: The Jack Jouett real estate market had 41 homes for sale in April 2024, a 2.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 9 | 13 | +44.4% |
| 3 Bedrooms | 15 | 14 | -6.7% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Jack Jouett housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 44.4%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jack Jouett, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Jack Jouett in April 2024, down by 9.1% month-over-month. Of the 10 sold homes, 10% were sold under asking, 30% were sold at asking, and 60% were sold over asking.
Days on Market for Jack Jouett, VA
How long does it take to sell a home in Jack Jouett, VA?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 173 Days | 36 Days | -79.1% |
Summary: Homes in Jack Jouett had an average of 36 days on market in Apr 2024, down by 79.1% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jack Jouett are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Jack Jouett; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved