Is Jefferson County, WV a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jefferson County is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Jefferson County was a Neutral Market.

Key Takeaway

Jefferson County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Jefferson County, WV

How much do homes in Jefferson County, WV cost?

Median Sold Price

$366,832

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$11,873(+3.3%)

Key Takeaway

Homes in Jefferson County have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in Jefferson County was $366,832 in February 2024, up 3.3% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $175K$147.5K
-15.7%
2 $200K$249.9K
+25.0%
3 $299.9K$324.9K
+8.3%
4 $430K$454.6K
+5.7%
5+ $470K$522.5K
+11.2%

Summary: Jefferson County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.7%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 11.2%.

Median Sold Price Compared To Nearby Counties

Washington County
+12.5%
Berkeley County
+6.4%
Loudoun County
+4.4%
Jefferson County
+3.3%

Housing Supply in Jefferson County, WV

How many homes are available in Jefferson County, WV?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3453460.3%

Summary: The Jefferson County real estate market had 346 homes for sale in February 2024, a 0.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 23
+50.0%
2 2627
+3.8%
3 140140
0.0%
4 148142
-4.1%
5+ 2934
+17.2%

Summary: The Jefferson County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 3.8%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 17.2%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
48480.0%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jefferson County, you may be able to get a good deal. 39.6% of homes here sold below asking price last month.

Summary: A total of 48 homes were sold or pending in Jefferson County in February 2024, the same as the previous month. Of the 48 sold homes, 40% were sold under asking, 40% were sold at asking, and 21% were sold over asking.

Days on Market for Jefferson County, WV

How long does it take to sell a home in Jefferson County, WV?

Average Sale Time

Feb 2023Feb 2024CHANGE
45 Days52 Days+15.3%

Summary: Homes in Jefferson County had an average of 52 days on market in Feb 2024, up by 15.3% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 48 homes were sold in Jefferson County; 60% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 21% 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 1 Day Ago

Newest Listings in Jefferson County, WV

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