Is Jefferson County, WV a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
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.
Housing Prices in Jefferson County, WV
How much do homes in Jefferson County, WV cost?
Median Sold Price
$376,048
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Jefferson County have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Jefferson County was $376,048 in June 2024, up 4.5% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | $125K | -26.5% |
| 2 Bedrooms | $220.5K | $257.5K | +16.8% |
| 3 Bedrooms | $315K | $330K | +4.8% |
| 4 Bedrooms | $437.7K | $463.3K | +5.8% |
| 5+ Bedrooms | $500K | $500K | 0.0% |
Summary: Jefferson County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.5%, 2 bedroom homes increased by 16.8%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Washington County | $286.5K | $311.4K | +8.7% |
| Loudoun County | $667.8K | $711.9K | +6.6% |
| Berkeley County | $281.9K | $297.4K | +5.5% |
| Jefferson County | $360K | $376K | +4.5% |
Housing Supply in Jefferson County, WV
How many homes are available in Jefferson County, WV?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 281 | 279 | -0.7% |
Summary: The Jefferson County real estate market had 279 homes for sale in June 2024, a 0.7% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 20 | 26 | +30.0% |
| 3 Bedrooms | 123 | 119 | -3.3% |
| 4 Bedrooms | 115 | 106 | -7.8% |
| 5+ Bedrooms | 21 | 25 | +19.0% |
Summary: The Jefferson County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 30%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes increased by 19%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 92 | 78 | -15.2% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jefferson County, expect to pay close to the asking price. 37.2% of homes here sold near the asking price last month.
Summary: A total of 78 homes were sold or pending in Jefferson County in June 2024, down by 15.2% month-over-month. Of the 78 sold homes, 29% were sold under asking, 37% were sold at asking, and 33% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 18 Days | 26 Days | +44.7% |
Summary: Homes in Jefferson County had an average of 26 days on market in Jun 2024, up by 44.7% compared to last year.
Breakdown of Home Sale Times
57 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jefferson County are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 78 homes were sold in Jefferson County; 73% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
