Is Jamestown, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Jamestown was a Buyer's Market.
Key Takeaway
Jamestown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jamestown, VA
How much do homes in Jamestown, VA cost?
Median Sold Price
$453,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Jamestown have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in Jamestown was $453,000 in March 2024, up 11.9% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $285K | N/A |
| 2 Bedrooms | $209K | $277.5K | +32.8% |
| 3 Bedrooms | $315K | $431.5K | +37.0% |
| 4 Bedrooms | $520K | $490K | -5.8% |
| 5+ Bedrooms | $477.5K | $767.2K | +60.7% |
Summary: Jamestown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.8%, 3 bedroom homes increased by 37%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 60.7%.
Median Sold Price Compared To Nearby Cities
| Jamestown | $405K | $453K | +11.9% |
| Williamsburg | $439.3K | $466.8K | +6.3% |
| Williamsburg | $450.6K | $470K | +4.3% |
| Berkeley | $500K | $508.7K | +1.8% |
Housing Supply in Jamestown, VA
How many homes are available in Jamestown, VA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 58 | +20.8% |
Summary: The Jamestown real estate market had 58 homes for sale in March 2024, a 20.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 23 | 23 | 0.0% |
| 4 Bedrooms | 13 | 21 | +61.5% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Jamestown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 61.5%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 14 | -26.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jamestown, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in Jamestown in March 2024, down by 26.3% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Jamestown, VA
How long does it take to sell a home in Jamestown, VA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 13 Days | 13 Days | +4.4% |
Summary: Homes in Jamestown had an average of 13 days on market in Mar 2024, up by 4.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jamestown are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in Jamestown; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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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