$1,145,000
79.00 Acres
Land
GAYLE HARVEY, Listing Office: GAYLE HARVEY REAL ESTATE, INC
Is Jefferson, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 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
$609,500
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$38,500(+6.7%)
Key Takeaway
Homes in Jefferson have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Jefferson was $609,500 in August 2024, up 6.7% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $210K | $291.2K | +38.7% |
| 3 Bedrooms | $486.2K | $524K | +7.8% |
| 4 Bedrooms | $616.5K | $635K | +3.0% |
| 5+ Bedrooms | $631.2K | $699.9K | +10.9% |
Summary: Jefferson housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 38.7%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 10.9%.
Median Sold Price Compared To Nearby Cities
| Catalpa | $419.9K | $520K | +23.8% |
| Jefferson | $571K | $609.5K | +6.7% |
Housing Supply in Jefferson, VA
How many homes are available in Jefferson, VA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 33 | 37 | +12.1% |
Summary: The Jefferson real estate market had 37 homes for sale in August 2024, a 12.1% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 6 | 11 | +83.3% |
| 4 Bedrooms | 10 | 9 | -10.0% |
| 5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Jefferson housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 83.3%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jefferson, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Jefferson in August 2024, down by 25.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 9 Days | 25 Days | +165.8% |
Summary: Homes in Jefferson had an average of 25 days on market in Aug 2024, up by 165.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 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 August 2024, 9 homes were sold in Jefferson; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.