Is South Jefferson, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, South Jefferson has remained a Seller's Market.
Housing Prices in South Jefferson, CO
How much do homes in South Jefferson, CO cost?
Median Sold Price
$942,000
$354/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Jefferson was $942,000 in May 2024, up 1.9% from last year, and the median price per square foot was $354.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $405K | $314.5K | -22.3% |
2 Bedrooms | $515K | $590K | +14.6% |
3 Bedrooms | $780K | $808.9K | +3.7% |
4 Bedrooms | $1.0M | $1.1M | +7.3% |
5+ Bedrooms | $1.5M | $1.5M | +3.1% |
Summary: South Jefferson housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.3%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 3.1%.
Housing Supply in South Jefferson, CO
How many homes are available in South Jefferson, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
144 | 215 | +49.3% |
Summary: The South Jefferson real estate market had 215 homes for sale in May 2024, a 49.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 17 | 22 | +29.4% |
3 Bedrooms | 47 | 72 | +53.2% |
4 Bedrooms | 46 | 69 | +50.0% |
5+ Bedrooms | 33 | 50 | +51.5% |
Summary: The South Jefferson housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 53.2%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 51.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 37 | +15.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in South Jefferson in May 2024, up by 15.6% month-over-month. Of the 37 sold homes, 41% were sold under asking, 24% were sold at asking, and 35% were sold over asking.
Days on Market for South Jefferson, CO
How long does it take to sell a home in South Jefferson, CO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
17 Days | 36 Days | +115.3% |
Summary: Homes in South Jefferson had an average of 36 days on market in May 2024, up by 115.3% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 37 homes were sold in South Jefferson; 70% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.