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 Buyer's Market.
Housing Prices in Jefferson, VA
How much do homes in Jefferson, VA cost?
Median Sold Price
$585,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Jefferson was $585,000 in April 2024, up 2.6% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $279.9K | N/A |
3 Bedrooms | $482.5K | $500K | +3.6% |
4 Bedrooms | $625K | $625K | 0.0% |
5+ Bedrooms | $570K | $620.6K | +8.9% |
Summary: Jefferson 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 did not change, 3 bedroom homes increased by 3.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Cities
Catalpa | $437.5K | $485K | +10.9% |
Jefferson | $570K | $585K | +2.6% |
Jeffersonton | $625K | $610K | -2.4% |
Rixeyville | $561.2K | $442.5K | -21.2% |
Housing Supply in Jefferson, VA
How many homes are available in Jefferson, VA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 39 | +30.0% |
Summary: The Jefferson real estate market had 39 homes for sale in April 2024, a 30.0% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 16 | 17 | +6.3% |
4 Bedrooms | 9 | 12 | +33.3% |
5+ Bedrooms | 3 | 8 | +166.7% |
Summary: The Jefferson 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 6.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 166.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Jefferson in April 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% 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 |
---|---|---|
7 Days | 11 Days | +65.7% |
Summary: Homes in Jefferson had an average of 11 days on market in Apr 2024, up by 65.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Jefferson; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.