Is Jefferson, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Jefferson has remained a Seller's Market.
Key Takeaway
Jefferson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jefferson, VA
How much do homes in Jefferson, VA cost?
Median Sold Price
$415,633
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Jefferson has remained the same since last year.
Summary: The median home sold price in Jefferson was $415,633 in April 2024, down 0.2% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $149.9K | -14.3% |
| 2 Bedrooms | $235K | $250K | +6.4% |
| 3 Bedrooms | $350K | $361.5K | +3.3% |
| 4 Bedrooms | $498K | $497.2K | -0.2% |
| 5+ Bedrooms | $579.5K | $630K | +8.7% |
Summary: Jefferson housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 8.7%.
Housing Supply in Jefferson, VA
How many homes are available in Jefferson, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 84 | 122 | +45.2% |
Summary: The Jefferson real estate market had 122 homes for sale in April 2024, a 45.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 9 | 19 | +111.1% |
| 3 Bedrooms | 31 | 39 | +25.8% |
| 4 Bedrooms | 31 | 37 | +19.4% |
| 5+ Bedrooms | 13 | 26 | +100.0% |
Summary: The Jefferson housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 111.1%, 3 bedroom homes increased by 25.8%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 30 | 33 | +10.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jefferson, expect to pay close to the asking price. 57.6% of homes here sold near the asking price last month.
Summary: A total of 33 homes were sold or pending in Jefferson in April 2024, up by 10.0% month-over-month. Of the 33 sold homes, 24% were sold under asking, 58% were sold at asking, and 18% were sold over asking.
Days on Market for Jefferson, VA
How long does it take to sell a home in Jefferson, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 34 Days | 32 Days | -6.0% |
Summary: Homes in Jefferson had an average of 32 days on market in Apr 2024, down by 6% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jefferson are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 33 homes were sold in Jefferson; 58% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes. 
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. 
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