Is Jackson, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Jackson was a Neutral Market.
Housing Prices in Jackson, VA
How much do homes in Jackson, VA cost?
Median Sold Price
$389,725
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Jackson was $389,725 in April 2024, up 14.6% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $210K | N/A |
2 Bedrooms | $392.5K | $235K | -40.1% |
3 Bedrooms | $311.2K | $375K | +20.5% |
4 Bedrooms | $424.9K | $479K | +12.7% |
5+ Bedrooms | $2.1M | $1.3M | -36.0% |
Summary: Jackson housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 40.1%, 3 bedroom homes increased by 20.5%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes decreased by 36%.
Median Sold Price Compared To Nearby Cities
Cuckoo | $354.9K | $450K | +26.8% |
Montpelier | $418K | $480K | +14.8% |
Jackson | $340K | $389.7K | +14.6% |
Bumpass | $368.5K | $393.6K | +6.8% |
Mountain Road | $350K | $366.5K | +4.7% |
Housing Supply in Jackson, VA
How many homes are available in Jackson, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
64 | 82 | +28.1% |
Summary: The Jackson real estate market had 82 homes for sale in April 2024, a 28.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 36 | 45 | +25.0% |
4 Bedrooms | 15 | 24 | +60.0% |
5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Jackson housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 14 | +133.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Jackson in April 2024, up by 133.3% month-over-month. Of the 14 sold homes, 43% were sold under asking, 57% were sold at asking, and 0% were sold over asking.
Days on Market for Jackson, VA
How long does it take to sell a home in Jackson, VA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
7 Days | 34 Days | +387.4% |
Summary: Homes in Jackson had an average of 34 days on market in Apr 2024, up by 387.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Jackson; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.