Is Jefferson County, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Jefferson County was a Seller's Market.
Housing Prices in Jefferson County, WV
How much do homes in Jefferson County, WV cost?
Median Sold Price
$368,828
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Jefferson County was $368,828 in March 2024, up 2.5% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $170K | $125K | -26.5% |
2 Bedrooms | $205.5K | $250K | +21.7% |
3 Bedrooms | $304.9K | $324.8K | +6.5% |
4 Bedrooms | $438.5K | $459.3K | +4.7% |
5+ Bedrooms | $491K | $500K | +1.8% |
Summary: Jefferson County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.5%, 2 bedroom homes increased by 21.7%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Counties
Washington County | $277.5K | $309.5K | +11.5% |
Berkeley County | $274.9K | $292.7K | +6.5% |
Loudoun County | $667.4K | $689.6K | +3.3% |
Jefferson County | $359.9K | $368.8K | +2.5% |
Housing Supply in Jefferson County, WV
How many homes are available in Jefferson County, WV?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
352 | 382 | +8.5% |
Summary: The Jefferson County real estate market had 382 homes for sale in March 2024, a 8.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 27 | 31 | +14.8% |
3 Bedrooms | 145 | 153 | +5.5% |
4 Bedrooms | 142 | 158 | +11.3% |
5+ Bedrooms | 35 | 37 | +5.7% |
Summary: The Jefferson County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 5.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
50 | 54 | +8.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 54 homes were sold or pending in Jefferson County in March 2024, up by 8.0% month-over-month. Of the 54 sold homes, 39% were sold under asking, 35% were sold at asking, and 26% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
49 Days | 35 Days | -28.3% |
Summary: Homes in Jefferson County had an average of 35 days on market in Mar 2024, down by 28.3% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 54 homes were sold in Jefferson County; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.