Is Jamestown, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Jamestown was a Buyer's Market.
Key Takeaway
Jamestown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jamestown, PA
How much do homes in Jamestown, PA cost?
Median Sold Price
$166,000
$113/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Jamestown have sold for 30.2% more than they did a year ago.
Summary: The median home sold price in Jamestown was $166,000 in May 2024, up 30.2% from last year, and the median price per square foot was $113.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $41K | N/A |
| 2 Bedrooms | $75K | $120K | +60.0% |
| 3 Bedrooms | $142K | $177.5K | +25.0% |
| 4 Bedrooms | $136.4K | $580K | +325.1% |
| 5+ Bedrooms | - | $300K | N/A |
Summary: Jamestown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 325.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Jamestown | $127.5K | $166K | +30.2% |
| Jamestown | $127.5K | $166K | +30.2% |
Housing Supply in Jamestown, PA
How many homes are available in Jamestown, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Summary: The Jamestown real estate market had 12 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Jamestown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Jamestown, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Jamestown in May 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Jamestown, PA
How long does it take to sell a home in Jamestown, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 163 Days | 42 Days | -74.2% |
Summary: Homes in Jamestown had an average of 42 days on market in May 2024, down by 74.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Jamestown has remained consistent over time.
Summary: During May 2024, 3 homes were sold in Jamestown; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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