Is Jackson, VA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jackson is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Jackson was a Buyer's Market.

Key Takeaway

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

Housing Prices in Jackson, VA

How much do homes in Jackson, VA cost?

Median Sold Price

$1,015,000

$366/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

+$590,000(+138.8%)

Key Takeaway

Homes in Jackson have sold for 138.8% more than they did a month ago.

Summary: The median home sold price in Jackson was $1,015,000 in September 2024, up 138.8% from last month, and the median price per square foot was $366.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 $425K$680K
+60.0%
4 -$1.3M
N/A
5+ --
N/A

Summary: Jackson housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 60%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Jackson, VA

How many homes are available in Jackson, VA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
1517+13.3%

Summary: The Jackson real estate market had 17 homes for sale in September 2024, a 13.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 11
0.0%
3 55
0.0%
4 911
+22.2%
5+ 00
0.0%

Summary: The Jackson housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jackson, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Jackson in September 2024, up by 300.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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

Aug 2024Sep 2024CHANGE
71 Days48 Days-31.3%

Summary: Homes in Jackson had an average of 48 days on market in Sep 2024, down by 31.3% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 4 homes were sold in Jackson; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 Sep 1, 2024

Newest Listings in Jackson, VA

Nearby Markets to Jackson, VA

What housing markets are near Jackson, VA?