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 seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Jefferson County has remained a Seller's Market.

Key Takeaway

Jefferson County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Jefferson County, WV cost?

Median Sold Price

$355,000

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$20,250(+6.0%)

Key Takeaway

Homes in Jefferson County have sold for 6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $117K$175K
+49.5%
2 $197.5K$200K
+1.3%
3 $270K$300K
+11.1%
4 $409.3K$425K
+3.8%
5+ $465K$498K
+7.1%

Median Sold Price Compared To Nearby Counties

Berkeley County
+11.9%
Washington County
+8.1%
Loudoun County
+7.4%
Clarke County
+6.3%
Jefferson County
+6.0%

How many homes are available in Jefferson County, WV?

Number of Homes For Sale

Sep 2022Oct 2022%
295275-6.8%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 22
0.0%
2 2220
-9.1%
3 140130
-7.1%
4 10390
-12.6%
5+ 2833
+17.9%

Number of Homes Sold

Sep 2022Oct 2022%
8249-40.2%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jefferson County, expect to pay close to the asking price. 40.8% of homes here sold near the asking price last month.

Average Sale Time

Oct 2021Oct 2022%
23 Days29 Days+26.7%

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

4 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Jefferson County, WV

Jefferson County, WV has 275 homes on the market. The number of homes for sale in Jefferson County, WV decreased by 6.8% between September 2022 and October 2022. Listings spent 29 days on the market in October 2022, and had a median list price of $355,000 during the same period. This housing market listing prices have changed between September 2022 and October 2022: prices of 1 bedroom properties increased by 49.5%, 2 bedrooms properties became 1.3% more expensive, prices of 3 bedrooms properties went up by 11.1%, the cost of 4 bedrooms properties went up by 3.8%, prices of 5 bedrooms properties increased by 7.1%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes became 9.1% less available, 3 bedrooms homes became 7.1% less available, the quantity of 4 bedrooms homes went down by 12.6%, 5 bedrooms homes became 17.9% more available. In October 2022, from all listings sold in Jefferson County, WV there were more than 11 sold above asking price, over 18 sold below and more than 20 were sold right at the asked price.

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